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Oil & Gas

Thursday
17 Nov 2022

India Raises Windfall Tax on Crude Oil

17 Nov 2022  by reuters.com   

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas


India has raised a windfall tax on crude oil to 10,200 Indian rupees ($125.22) per tonne from 9,500 rupees per tonne, a government order said on Wednesday.

India has also cut export tax on diesel to 10.50 rupees per liter from 13 rupees per liter, the order said.

($1 = 81.4570 Indian rupees)

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