Windfall Tax: Centre hikes Windfall tax on Crude oil, no change on Diesel-Petrol and ATF

Windfall Tax on Crude: The Central Government has decided to again increase the windfall tax on crude oil. However, there has been no change in tax in case of diesel, petrol and ATF…

The central government on Saturday increased the windfall tax on crude oil. Now windfall tax will be imposed on crude oil at the rate of Rs 3,200 per tonne. The new rates have become effective today, February 3. Earlier, windfall tax of Rs 1,700 per tonne was being imposed on crude oil.

Zero tax on diesel-petrol

Whereas in the case of diesel, petrol and aviation fuel, the government has not made any change in the windfall tax. Windfall tax rates on diesel, petrol and ATF were zero. Till the next update, windfall tax on them is going to remain zero.