<p>The government on Friday cut special additional excise duty (SAED) on crude petroleum to Rs 6,700 per tonne with effect from September 2.</p>.<p>In the last fortnightly review on August 14, windfall tax on domestically produced crude oil was set at Rs 7,100 per tonne. </p>.EU looking at petroleum products made from Russian crude oil in India finding way to its market.<p>Besides, SAED or duty on export of diesel will increase to Rs 6 per litre from Rs 5.50 per litre, currently. The duty on jet fuel or ATF will be doubled to Rs 4 per litre effective Saturday, from Rs 2 per litre currently, according to a finance ministry notification.</p>.<p>It said SAED on petrol will continue at nil. India first imposed windfall profit taxes on July 1, 2022. </p>
<p>The government on Friday cut special additional excise duty (SAED) on crude petroleum to Rs 6,700 per tonne with effect from September 2.</p>.<p>In the last fortnightly review on August 14, windfall tax on domestically produced crude oil was set at Rs 7,100 per tonne. </p>.EU looking at petroleum products made from Russian crude oil in India finding way to its market.<p>Besides, SAED or duty on export of diesel will increase to Rs 6 per litre from Rs 5.50 per litre, currently. The duty on jet fuel or ATF will be doubled to Rs 4 per litre effective Saturday, from Rs 2 per litre currently, according to a finance ministry notification.</p>.<p>It said SAED on petrol will continue at nil. India first imposed windfall profit taxes on July 1, 2022. </p>