India cuts windfall tax on crude, aviation turbine fuel and diesel

Kitco Media
By Reuters
Published:
Updated:
Reuters
BENGALURU, Feb 16 (Reuters) - India has cut its windfall tax on crude oil and exports of aviation turbine fuel and diesel, according to a government notification dated Feb. 15. Windfall tax on crude was cut to 4,350 rupees ($52.60) per tonne from 5,050 rupees per tonne, effective Thursday. ($1 = 82.7010 Indian rupees) (Reporting by Nallur Sethuraman in Bengaluru and Nikunj Ohri in New Delhi)

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