India increases windfall tax on petroleum crude from ₹6,800 to ₹9,600 per metric ton from April 16.
India has increased the windfall tax on petroleum crude from ₹6,800 to ₹9,600 per metric ton, effective from April 16. This tax adjustment, which occurs every two weeks, will remain at zero for diesel and aviation turbine fuel. The upstream oil exploration and production companies ONGC and Oil India Ltd may lose as they will not get the full benefit of rising international prices for their crude.
April 15, 2024
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