Windfall Tax on Crude Petroleum Raised to ₹3,200 per Tonne: CBIC notifies
If the oil companies pass on the increased tax burden to consumers, it could lead to higher prices for petroleum products such as gasoline and diesel
By Navasree A.M - On February 3, 2024 5:27 pm - 2 mins read
The Central government has announced an increase in the windfall tax on petroleum crude, setting it at ₹3,200 per tonne effective from February 3, 2024. This adjustment comes as a revision from the previous rate of ₹1,700 per tonne. However, the windfall tax on diesel and aviation turbine fuel ( ATF ), has remained unchanged….
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