The new LPG price hike comes on top of a gas price hike
India cuts windfall tax on crude oil output, diesel exports
The country cuts the windfall tax on crude oil to 4,900 rupees ($60.34) per tonne
Published : 1 Dec 2022, 12:21 PM
Updated : 1 Dec 2022, 12:21 PM
India on Thursday cut the windfall tax on crude oil to 4,900 rupees ($60.34) per tonne, according to a government order.
It also cut the export tax on diesel to 8 rupees per litre. Changes to the windfall tax will be effective from Friday, the order said.
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