Govt slaps export tax on petrol, diesel; windfall tax on domestic crude oil

The federal government on Friday slapped a Rs 6 per litre tax on exports of petrol and ATF and Rs 13 per litre on exports of diesel.

NEW DELHI: The federal government on Friday slapped a Rs 6 per litre tax on exports of petrol and ATF and Rs 13 per litre on exports of diesel. The federal government additionally slapped a Rs 23,230 per tonne extra tax on domestically produced crude oil to remove windfall good points accruing to producers from excessive worldwide oil costs, a separate authorities notification confirmed.
The tax on exports follows oil refiners, significantly the personal sector, reaping big good points from exporting gas to markets equivalent to Europe and the US.
The tax on domestically produced crude oil follows native producers reaping windfall good points from the surge in worldwide oil costs.