News > Govt reduces windfall tax on crude oil to Rs 10,500

Govt reduces windfall tax on crude oil to Rs 10,500

CNBC TV18 | 16/09/2022 11:50 PM | Click to read full article

The Indian government has reduced the windfall tax on locally produced crude oil to Rs 10,500 from Rs 13,000/tonne, according to a circular issued by the Ministry of Finance on September 16. 

The decision came at the fifth fortnightly review after the Centre was "satisfied that it is necessary for the public interest to do so." The notification will come into force on September 17.

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