India hikes petroleum crude export tax, cuts jet fuel and diesel taxes

The country raises petroleum crude tax to 17,750 rupees ($226.14) per tonne from 17,000 rupees per tonne

Reuters
Published : 2 August 2022, 08:16 PM
Updated : 2 August 2022, 08:16 PM

India has increased the export tax on petroleum crude and cut the tax on jet fuel and diesel, according to a government notification on Tuesday.

India raised petroleum crude tax to 17,750 rupees ($226.14) per tonne from 17,000 rupees per tonne, while cutting the tax on jet fuel to zero from 4 rupees per litre and diesel to 5 rupees per litre from 11 rupees per litre.

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