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Published: 2023-10-19 05:49:05 +0000 UTC; Views: 79; Favourites: 0; Downloads: 0
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Description
The Indian government announced a reduction in the windfall tax on diesel, ATF, and petroleum crude. The public authority diminished the tax on unrefined petroleum from $12,200 per ton to $9,050 per ton.
Moreover, the public power will chop down the prize charge on fuel from $5 per liter to $4 per liter and on ATF from $3.50 per liter to $0.01.
The money service had expanded the bonus charge on privately created raw petroleum to 12,100 for every ton in the earlier month.
Tax Reductions and Oil Industry Dynamics