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

Reuters
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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