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The central government has reduced the windfall tax on the export of petrol, diesel and aviation fuel (ATF). The new rates have come into effect from August 14. According to the notification issued by the Finance Ministry, tax on petrol export has been completely abolished i.e. ‘zero’, while duty relief has been given on diesel…
News india India Slashes Windfall Tax On Petrol, Diesel And Jet Fuel Exports From Saturday Last Updated:August 15, 2026, 01:54 IST The duty on diesel exports has been reduced to Rs 24 per litre from Rs 25.5, while the levy on petrol has been brought down to zero from Rs 3.5 per litre. The tax…
The deal on peace talks between America and Iran has been finalized (US-Iran Peace Deal Done) and after Donald Trump’s statement of lifting the blockade around Hormuz and reopening of the Strait of Hormuz, the oil and gas crisis in the world seems to be reducing. read more On the other hand, the government has…
Hindi News Business India Fuel Duty Cut: Diesel, ATF Export Duty Slashed; Petrol Export Tax Hiked New Delhi53 minutes ago copy link After increasing the prices of petrol and diesel in the country by Rs 3 each, the Central Government on Friday has decided to impose a tax of Rs 3 on the export of…
Hindi News Business Government Scraps Windfall Tax On ATF, Crude Products, Petrol And Diesel Exports New Delhi31 minutes ago copy link The Central Government has removed the Special Additional Excise Duty (SAED), i.e. windfall tax, imposed on Aviation Turbine Fuel (ATF), Petrol and Diesel. Now refining companies exporting petrol and diesel will not have to…
Last Updated: September 18, 2024, 08:10 IST India first imposed windfall profit taxes on July 1, 2022. (Representative image) The government on Tuesday slashed windfall tax on domestically produced crude oil to ‘nil’ per tonne with effect from September 18. On Tuesday, the government slashed windfall tax on domestically produced crude oil to ‘nil’ per…
New Delhi: Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas has hinted that the prices of petrol and diesel may be reduced if the price of crude oil remains persistently low across the world for a little longer. Oil companies may consider reducing the rates of petrol and diesel if the crude oil remains…
New Delhi55 minutes ago copy link The government had started imposing windfall tax for the first time from July 1, 2022 on export of domestically produced crude oil. The government has reduced the Special Additional Excise Duty (SAED), i.e. windfall tax, on export of domestically produced crude oil. In its regular review, the government has…