The authorities on Friday (September 29) hiked particular further excise obligation (SAED) on crude petroleum to Rs 12,100 per tonne with impact from September 30 (Saturday).
In the final fortnightly overview on September 15 (Friday), windfall tax on domestically produced crude oil was set at Rs 10,000 per tonne. Besides, the SAED or obligation on export of diesel will probably be reduce to Rs 5 per litre, from Rs 5.50 per litre presently.
The obligation on jet gas or Aviation Turbine Fuel (ATF) will probably be decreased to Rs 2.5 per litre efficient Saturday, from Rs 3.5 per litre presently. The SAED on petrol will proceed at nil.
India first imposed windfall revenue taxes on July 1, 2022.
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(With PTI inputs)Â
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