India

Govt Slaps Export Tax On Petrol, Diesel; Windfall Tax On Domestic Crude Oil

By
OB Bureau

New Delhi: The 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 government also slapped a Rs 23,230 per tonne additional tax on domestically produced crude oil to take away windfall gains accruing to producers from high international oil prices, a separate government notification showed, news agency PTI reported.

The tax on exports follows oil refiners, particularly the private sector, reaping huge gains from exporting fuel to markets such as Europe and the US.

The tax on domestically produced crude oil follows local producers reaping windfall gains from the surge in international oil prices.

OB Bureau

Recent Posts

CEC Rajiv Kumar Orders Stern Action Over ‘Derogatory’ Remarks On Women

Mumbai: Chief Election Commissioner (CEC) Rajiv Kumar on Friday came down heavily on political leaders…

November 8, 2024

Odisha: Driver, Conductor Fired By CRUT For Being Drunk While On Duty

Bhubaneswar: The Capital Region Urban Transport (CRUT), a public transit agency in Odisha, on Friday…

November 8, 2024

Meet The Actress Who Left Bollywood After Featuring In The Highest-Grossing Woman-Centric Film

Mumbai: Over the years, female actresses have often outshone their male confreres at the domestic…

November 8, 2024

Mango Kernel Incident In Odisha: BJD Fires Fresh Salvo At BJP Govt

Bhubaneswar: War of words between the ruling Bharatiya Janata Party (BJP) and opposition Biju Janata…

November 8, 2024

Bhubaneswar ITF World Tennis Tour: Odisha Boy Kabir Hans Storms Into Doubles Final

Bhubaneswar: Local boy Kabir Hans delighted the home crowd at the Kalinga Stadium Tennis Centre by…

November 8, 2024

TV Actor Nitin Chauhan Of ‘Tera Yaar Hoon Main’ Fame Dies At 35; Was It Suicide?

Mumbai: Television actor Nitin Chauhan’s untimely demise at the age of 35 has once again…

November 8, 2024

Vending On Footpath Banned During Cuttack Bali Jatra; Check Details

Cuttack: Vendors will not be allowed to do business on footpaths during the upcoming Bali…

November 8, 2024

Ranji Trophy: Despite Pattanaik Ton, Odisha Stare At Defeat After Following On Vs Mumbai

Mumbai: Sandeep Pattanaik completed a fighting century but that didn’t help Odisha avoid a follow-on…

November 8, 2024