![Govt scraps windfall tax on domestic crude, hikes export duty on diesel](https://images.assettype.com/fortuneindia%2F2022-02%2F6c8444f9-abba-4d1c-becd-bd03f2ac1124%2FIndian_Oil_3_5401_copy.jpg?w=300&q=95)
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.
The government has hiked the export duty on diesel to ₹0.50 per litre from ₹1 per litre.
The windfall tax on domestically produced crude oil has been halved to ₹4,900 per tonne from ₹10,200 per tonne, whereas the tax of export of diesel has been slashed to ₹8 per litre.