India cuts windfall tax on crude oil output, diesel exports
People queue as they wait for their turn to fill fuel at a petrol pump in Lucknow, India, November 9, 2016. REUTERS\/Pawan Kumar
New Delhi, October 2 (Reuters): The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne from Sunday, after a decline in global oil prices.
India has also scrapped an export tax on jet fuel and halved export duties on diesel to 5 rupees per litre from Sunday, a government notification said.
Disclaimer :- This story has not been edited by The Sen Times staff and is auto-generated from news agency feeds. Source: PTI