By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: India again slashes windfall tax on petroleum crude – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > India again slashes windfall tax on petroleum crude – World News Network
Business

India again slashes windfall tax on petroleum crude – World News Network

worldnewsnetwork
Last updated: May 16, 2024 12:00 am
worldnewsnetwork 1 year ago
Share
SHARE

New Delhi [India], May 16 (ANI): The central government has reduced windfall tax on crude petroleum, according to a government notification.
The special additional excise duty (SAED) on crude petroleum has been slashed from Rs 8,400 per tonne to Rs 5,700 per tonne with immediate effect.
The tax, which is revised every fortnight, remains unchanged at zero for diesel and aviation turbine fuel.
The government on May 1 cut the windfall tax on petroleum crude to Rs 8,400 rupees a ton from Rs 9,600 rupees.
The government had on April 16 raised the windfall tax on petroleum crude to Rs 9,600 per cent tonne from Rs 6,800.
A tax levied on an unforeseen or unexpectedly large profit is called a windfall tax.
India started the windfall tax on crude oil producers and on exports of gasoline, diesel and the aviation fuel in July 2022, reportedly to regulate private refiners who wanted to sell fuel overseas instead of locally, to gain from firm refining margins. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

Fredun Pharmaceuticals Acquires Wagr.ai – World News Network

Adoption of UPI in France leads to 40% rise in Indian tourists, says Lyra Network Chairman Mariette – World News Network

Playo joins forces with Amazon: A Game-changing Partnership for Sports Enthusiasts – World News Network

Relevance of Indian companies is felt by every country, says founder & Global CEO of Akashaverse – World News Network

India’s government debt projected to decline to 71% of GDP by FY35 from current 81% of GDP: CareEdge Ratings – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article We do not believe what is happening in Gaza is genocide but…: US – World News Network
Next Article IPL: After casting vote, Shah Rukh heads to Ahmedabad to attend KKR vs SRH Qualifier 1 – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

India’s First Generative AI-Driven Open-Source ERP for Campus Automation with Chatbot – World News Network
Business 24 hours ago
Neilsoft featured at #26 in TIME and Statista’s India’s Best Employers 2025 List – World News Network
Business 24 hours ago
“India – the new axis of global energy,” says Union Minister Hardeep Singh Puri – World News Network
Business 24 hours ago
Utssav CZ Gold Jewels Limited Assigned Credit Ratings By Care Edge Ratings – World News Network
Business 24 hours ago

Sports

Improve way to deal with players at back-end of their careers: Ashwin’s message to BCCI amid Virat, Rohit speculations – World News Network
Sports
Maiden ODI call-up for Ackeem Auguste as West Indies announces squad for Bangladesh tour – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

‘Minecraft 2’ in the works, scheduled to release in July 2027 – World News Network
Entertainment
Special Investigation Team arrests two Zubeen Garg’s Personal Security Officers in singer’s death probe – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?