The government has reduced the windfall tax on locally produced crude oil and aviation turbine fuel (ATF) and diesel exports. According to a government notification dated January 16, the windfall tax on crude has been reduced from Rs 2,100 per tonne to Rs 1,900 per tonne. The government also reduced the export tax on ATF from Rs 4.5 to Rs 3.5 per litre. Diesel export tax has been reduced from Rs 6.5 per litre to Rs 5 per litre, effective Tuesday. The special additional excise duty on gasoline remains unchanged at nil.
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