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HomeEconomyIndia hikes windfall tax on petroleum crude, diesel

India hikes windfall tax on petroleum crude, diesel

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(Reuters) – The Indian government is increasing the windfall tax on petroleum crude to 3,300 rupees ($39.76) a metric ton from 3,200 rupees with effect from Feb. 16, according to a notification released on Thursday.

It will also increase a windfall tax on diesel, that had been reduced to zero, to 1.50 rupees a litre, the order showed.

($1 = 82.9970 Indian rupees)

(Reporting by Nikunj Ohri in New Delhi)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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