The government has announced an increase in windfall tax on exports of diesel and aviation fuel (ATF). Apart from this, the duty has also been increased on domestically produced crude oil.
Now the windfall tax on diesel exports has been increased to Rs 12 per litre, while the tax on ATF will now be Rs 3.50 per litre. Along with this, it was announced to increase the duty on domestically extracted crude oil from Rs 3,000 to Rs 11,000 per tonne. The new rates will be effective from Sunday.
Earlier, the windfall tax was reduced for two consecutive fortnights, but in view of the recent increase in crude oil prices globally, this time it was decided to increase the duty on crude oil, diesel and ATF. has gone It has been decided to increase the windfall tax on diesel exports from Rs 6.5 to Rs 12 per litre. Along with this, this tax on ATF export has been increased from zero to Rs 3.50 per litre.
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