India cuts windfall tax on petroleum crude

India revises windfall tax on petroleum crude every fortnight.

Image for representation only. Credit: iStock Photo

The Indian government has cut the windfall tax on petroleum crude to 4,600 rupees ($54.97) per metric ton from 7,000 rupees per metric ton, effective from August 1, a notification issued on Wednesday showed.

Source: https://www.deccanherald.com/business/economy/india-cuts-windfall-tax-on-petroleum-crude-6-3131878

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