Windfall tax on domestic crude oil cut
Updated: 17 Sep 2022, 09:09 AM IST
TL;DR.At the fifth fortnightly review, the government reduced tax on domestically-produced crude oil to ₹10,500 per tonne from ₹13,300 per tonne.
FILE PHOTO: Industrial facilities of the PCK oil refinery are pictured in Schwedt/Oder, Germany, May 9, 2022. The company receives crude oil from Russia via the 'Friendship' pipeline. REUTERS/Hannibal Hanschke/File Photo