![Govt slashes windfall tax on crude oil by over ₹1,300 per tonne](https://images.assettype.com/fortuneindia%2F2022-03%2F55ec2ac4-85ee-4d07-8d33-eb505f054b02%2Fpetrol_prices.jpg?rect=0,34,1872,936&w=300&q=95)
Govt slashes windfall tax on crude oil by over ₹1,300 per tonne
The Special Additional Excise Duty (SAED) on domestically produced crude oil was raised to ₹9,800 per tonne from ₹9,050 per tonne, effective from November 1.
The Special Additional Excise Duty (SAED) on domestically produced crude oil was raised to ₹9,800 per tonne from ₹9,050 per tonne, effective from November 1.
The deregulation of domestic crude will further spur economic activities and incentivise investments in the upstream oil and gas sector.