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(Reuters) -The Indian authorities has hiked windfall tax on petroleum crude to 4,250 Indian rupees ($51.68) per tonne from 1,600 Indian rupees with impact from Aug. 1.
A windfall tax on diesel has been elevated to 1 rupee per litre from nil earlier, in line with a authorities notification on Monday.
The windfall tax on petrol and aviation turbine gas has been left unchanged.
Earlier this month, the federal government raised the windfall tax on petroleum crude to 1,600 Indian rupees per tonne from zero.
India final July imposed the windfall tax on crude oil producers and prolonged the levy on exports of gasoline, diesel and aviation gas after personal refiners needed to make good points from strong refining margins in abroad markets, as an alternative of promoting at house.
($1 = 82.2380 Indian rupees)
(Reporting by Shivani Tanna and Nikunj Ohri; Modifying by Krishna Chandra Eluri and Maju Samuel)
(Solely the headline and movie of this report might have been reworked by the Enterprise Commonplace workers; the remainder of the content material is auto-generated from a syndicated feed.)
First Printed: Aug 01 2023 | 6:25 AM IST
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