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Windfall tax on crude raised to Rs 4,250 per tonne
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government has hiked windfall tax on petroleum crude to ₹4,250 per tonne from ₹1,600 with effect from August 1. A windfall tax on diesel has been increased to 1 rupee per litre from nil earlier, according to a government notification on Monday.
The windfall tax on petrol and aviation turbine fuel has been left unchanged. Earlier this month, the government raised the windfall tax on petroleum crude to ₹1,600 per tonne from zero.
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