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

Updated: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

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

2026 TN elections | CM MK Stalin interacts with people in Chennai's Anna Nagar during morning walk campaign

Death toll rises to 25 in Virudhunagar firecracker factory explosion

Chennai: Gold, silver price plunge on April 20; check how much it costs

Bus rolls down hill in J-K’s Udhampur, 15 dead

8 children aged between 1 and 14 years dead in mass shooting in Louisiana, police say