India cuts windfall tax on petroleum crudeIndia revises windfall tax on petroleum crude every fortnight. 
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The Indian government has cut the windfall tax on petroleum crude to 4,600 rupees ($54.97) per metric ton from 7,000 rupees per metric ton, effective from August 1, a notification issued on Wednesday showed.
India revises windfall tax on petroleum crude every fortnight.
($1 = 83.6838 Indian rupees)