Windfall tax: Centre cuts levy on crude oil export to ₹13,000/tonne
The govt increases the export levy on diesel to ₹7 per litre from ₹5 per litre. The ₹2/litre export tax on aviation turbine fuel imposed again
petroleum crude
August 2022
Will Centre share windfall tax gains with states? FM explains
Nirmala Sitharaman says international crude prices, diesel, petrol and ATF prices had risen sharply recently, and crude producers were making super normal profits
Windfall tax on petroleum crude hiked; diesel, ATF export levy slashed
Amid the announcement, shares of three out of four oil producers and refiners are down. RIL stock is up 0.16%, while ONGC, GAIL, IOC are down by 1.39%, 1.77%, and 0.28%, respectively
