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)
Published 01 August 2024, 03:40 IST