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Centre planning to further cut windfall tax on crude, diesel: Report

The government is expected to review the new taxes, imposed on July 1, for the third time soon,

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The Centre will capture the decline of oil prices from August 1 to 15 in the third review on windfall taxes.

2 min read Last Updated : Aug 18 2022 | 9:47 AM IST

Amid a recent fall in global oil prices and refining spreads, the central government is planning to further cut windfall taxes on locally produced crude and export of diesel, Financial Express reported Thursday. The Centre's move will benefit oil producers like ONGC and Vedanta Ltd.

The government is expected to review the

Topics : Excise Duty indian government Crude Oil diesel Crude Oil Prices Brent crude Oil Prices

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