Amid the fall in crude oil prices in the international market, the government has reduced the windfall tax (duty) on crude oil exports from Rs 13,300 to Rs 10,500 per tonne. Apart from this, the export duty applicable on diesel has been reduced to Rs 5 per liter. Let us inform you that earlier it was increased from Rs 7 per liter to Rs 13.50 per liter. On September 1, the export duty on ATF i.e. airplane fuel was increased from Rs 7 per liter to Rs 9 per liter. It has been retained for the time being. The new rates issued by the government have come into effect from midnight on 17 September.
Windfall tax was imposed from July 1
It is worth noting that the government reviews the windfall tax every 15 days. On July 1, the government decided to levy a windfall tax (duty) of Rs 6 per liter on petrol and ATF while Rs 13 per liter on diesel. At that time, it was said by the government that it would be reviewed every fortnight.
Export duty on petrol was abolished on July 20
On July 20, the government abolished the export duty of Rs 6 per liter imposed on the export of petrol. On the other hand, the export duty on diesel and ATF was reduced by Rs 2 each to Rs 11 and Rs 4 per liter respectively. During this period, the tax on domestically produced crude oil was also reduced from Rs 23,250 per tonne to Rs 17,000 per tonne.
Duty on diesel export was reduced by Rs 5 per liter on August 2
On August 2, the central government reduced the windfall tax on diesel exports from Rs 11 to Rs 5 per liter. On the other hand, it was decided to eliminate it on ATF. Similarly, it was decided to keep the duty on the export of petrol at zero. Windfall tax on crude oil produced in the country was increased from Rs 17,000 per tonne to Rs 17,750 per tonne on the same day.
Countries around the world have expressed their concerns regarding climate change. In such a situ
Delhi Traffic Police told what is the true meaning of this photo of Dinesh Karthik and Rohit Sharma
The first match of the three-match T20 series was played between Team India and Australia in Moha
Rashtriya Swayamsevak Sangh (RSS) chief Mohan Bhagwat has expressed concern over the re-emergence
Earthquake tremors have been felt in Assam's Guwahati and other parts of the North Eastern region
Prime Minister Narendra Modi on Sunday inaugurated the country's first National Training Conclave
The anti-rape bill was introduced in the Bengal Assembly today i.e. on Tuesday, which was passed
Due to the cold winds coming from the mountains, the cold has increased in the plains. There was
The Supreme Court has given the last chance to rectify the mistakes of more than 1000 cases filed
Gauraksha Bajrang Force president Rajkumar alias Bittu Bajrangi Kas, arrested in Nuh violence, ha
The Indian team, which was undefeated so far in the World Cup, got two days' rest after the match
