News > Centre hikes windfall tax on domestic crude oil

Centre hikes windfall tax on domestic crude oil

The Siasat | 17/11/2022 01:13 PM | Click to read full article

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 government has also reduced the rate on export of diesel to Rs 10.5 per litre, from Rs 13 per litre. The export tax on jet fuel though has been left unchanged, which stands at Rs 5 a litre.

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