Centre hikes windfall tax on domestic crude oil

The tax on crude oil produced by State-owned ONGC was hiked to Rs 10,200 per tonne from Rs 9,500 per tonne, with effect from Thursday, according to a notification.

DTNEXT Bureau

Published:18th Nov, 2022 at 4:02 AM

NEW DELHI: The Central government has hiked windfall tax on domestic crude oil and reduced the tax on export of diesel.

The tax on crude oil produced by State-owned ONGC was hiked to Rs 10,200 per tonne from Rs 9,500 per tonne, with effect from Thursday, according to a notification.

The revision in windfall tax is done every fortnight.

The government has also reduced the rate on export of diesel to Rs 10.5 per litre, from Rs 13 per litre.

The levy on diesel includes Rs 1.50 per litre road infrastructure cess. The export tax on jet fuel though has been left unchanged, which stands at Rs 5 a litre.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Centre hikes windfall tax on domestic crude oil

The tax on crude oil produced by State-owned ONGC was hiked to Rs 10,200 per tonne from Rs 9,500 per tonne, with effect from Thursday, according to a notification.

Also Read

Udhayanidhi flags off Jallikattu at Palamedu

BJP to name new party chief on Jan 20; sources say Nitin Nabin likely to be elected unopposed

Railways announce schedules for three Amrit Bharat trains linking Tamil Nadu and West Bengal

EC 'gaslighting' citizens: Rahul on indelible ink row in Maharashtra civic polls

BMC elections results: BJP-led alliance takes early lead