ONGC, Oil India, IOC shares rise up to 2% as govt scraps windfall tax on domestic crude
The central government on Tuesday cut the windfall tax on domestically produced crude oil to ‘nil’ per tonne with effect from September 18.
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Govt slashes windfall tax on petroleum crude to ₹8,400 per metric tonne
Tax remains nil for diesel and aviation turbine fuel
Govt again hikes windfall tax on petroleum crude to ₹9,600 per tonne
Notably, diesel and aviation turbine fuel will remain unaffected and maintain a zero windfall tax rate
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.
Centre cuts windfall tax on crude petrol to ₹6,300 per tonne
The government has also cut the special additional excise duty (SAED) on the exports of diesel to ₹1 per litre from ₹2 per litre earlier.
Govt hikes windfall tax on crude, diesel; here's how oil stocks reacted
The government has also hiked the windfall tax on diesel to ₹1 per litre from nil.
Oil stocks up as govt cuts windfall tax on petroleum cude to zero
Levy on petrol, diesel, and aviation turbine fuel has been kept unchanged at zero
Govt slashes windfall tax on domestic crude to ₹4,100; here’s how oil stocks reacted
With this the government, however, has left the windfall tax on petrol, diesel and aviation turbine fuel (ATF) or jet fuel unchanged.
Govt reintroduces windfall tax on crude oil; scraps duty on diesel exports
The windfall tax on petrol and aviation turbine fuel (ATF) has, however, remained unchanged. The new rates are applicable with effect from April 19, 2023.
Govt scraps windfall tax on domestic crude, hikes export duty on diesel
The government has hiked the export duty on diesel to ₹0.50 per litre from ₹1 per litre.
