Editor
In October, the Centre had raised the windfall tax on crude oil to Rs 9,800 ($117.70) per tonne from Rs 9,050 per tonne
The government has lowered the windfall tax on crude petroleum by Rs 1,300 to Rs 5,000 per tonne. The levy on jet fuel (ATF) has also been reduced to Rs 1.06 lakh per kilo litre (kL) from Rs 1.11 lakh/kL, according to media reports.
The Centre had earlier reduced the windfall tax on diesel and crude oil on November 16….
