Government Revises Windfall Taxes on Crude Oil and Fuel Exports
- Centre hikes windfall tax on crude oil to Rs 12,000 per tonne from Rs 10,000 earlier
- Export duty on diesel cut to Rs 5 per litre from Rs 5.50 per litre
- Windfall tax on ATF export reduced to Rs 2.50 per litre from Rs 3.50 per litre
- No windfall tax on petrol export
- Windfall taxes and export duties reviewed by government every fortnight based on global crude prices