The Indian government has increased taxes on crude oil, diesel, and aviation fuel to raise revenues as global energy prices remain high. The windfall tax is aimed at oil producers who have benefited from elevated crude oil prices in recent months. The new tax rates will be 27.5 rupees per liter on diesel, 22.1 rupees per liter on jet fuel and 13 rupees per liter on crude oil.
The Indian government has increased taxes on crude oil, diesel, and aviation fuel to raise revenues as global energy prices remain high. The windfall tax is aimed at oil producers who have benefited from elevated crude oil prices in recent months. The new tax rates will be 27.5 rupees per liter on diesel, 22.1 rupees per liter on jet fuel and 13 rupees per liter on crude oil.
The Indian government has increased taxes on crude oil, diesel, and aviation fuel to raise revenues as global energy prices remain high. The windfall tax is aimed at oil producers who have benefited from elevated crude oil prices in recent months. The new tax rates will be 27.5 rupees per liter on diesel, 22.1 rupees per liter on jet fuel and 13 rupees per liter on crude oil.