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windfall tax: Centre cuts windfall tax on petroleum crude, diesel

​​India imposed a windfall tax on crude oil producers in July 2022 and extended the levy on exports of gasoline, diesel and aviation fuel as private refiners wanted to sell fuel overseas to ​make gains from robust refining margins instead of selling locally. ....

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India cuts windfall tax on petroleum crude to zero

India last July imposed the windfall tax on crude oil producers and extended the levy on exports of gasoline, diesel, and aviation fuel after private refiners wanted to make gains from robust refining margins in overseas markets, instead of selling at home. ....

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Windfall tax on local crude revised to Rs 6,400, diesel sees cut in export duty

The revision of the windfall tax on crude oil production is expected to generate additional revenue for the government, while the removal of export duty on diesel may provide relief to the manufacturing sector ....

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