Govt cuts windfall tax on domestic crude oil, hikes levy on jet fuel

Tax on domestically produced crude oil was brought down to Rs 9,500 per tonne from Rs 11,000, effective November 2, a notification said.

Windfall tax on jet fuel was increased to Rs 5 per litre, from Rs 3.50 per litre.

The government also hiked the levy on export of diesel to Rs 13 per litre from Rs 12 per litre.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

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