India cuts windfall tax on crude oil to Rs 10,500 per tonne

New Delhi has cut cess on crude to Rs 10,500 per tonne, according to a notification from the Ministry of Finance. India has also lowered windfall tax on diesel to Rs 10 per litre and on ATF to Rs 5 per litre. This is the fifth revision of windfall tax since it's implementation on July 1. The new rates will be effective from tomorrow. The basket of crude oil that New Delhi buys has averaged $92.67 per barrel this month, falling from $97.40 in August.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.