<p>The government on Friday hiked special additional excise duty (SAED) on crude petroleum to Rs 10,000 per tonne with effect from September 16.</p>.<p> In the last fortnightly review on September 1, windfall tax on domestically produced crude oil was set at Rs 6,700/tonne.</p>.<p> Besides, the SAED or duty on export of diesel will be cut to Rs 5.50/litre, from Rs 6/litre currently.</p>.Oil India to invest Rs 25,000 crore for net zero by 2040.<p> The duty on jet fuel or ATF will be reduced to Rs 3.5/litre effective Saturday, from Rs 4/litre currently.</p>.<p> SAED on petrol will continue at nil.</p>.<p> India first imposed windfall profit taxes on July 1, 2022.</p>
<p>The government on Friday hiked special additional excise duty (SAED) on crude petroleum to Rs 10,000 per tonne with effect from September 16.</p>.<p> In the last fortnightly review on September 1, windfall tax on domestically produced crude oil was set at Rs 6,700/tonne.</p>.<p> Besides, the SAED or duty on export of diesel will be cut to Rs 5.50/litre, from Rs 6/litre currently.</p>.Oil India to invest Rs 25,000 crore for net zero by 2040.<p> The duty on jet fuel or ATF will be reduced to Rs 3.5/litre effective Saturday, from Rs 4/litre currently.</p>.<p> SAED on petrol will continue at nil.</p>.<p> India first imposed windfall profit taxes on July 1, 2022.</p>