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India Hikes Petroleum Crude Export Tax, Cuts Jet Fuel & Diesel Taxes

India has increased the export tax on petroleum crude and cut the tax on jet fuel and diesel, according to a government notification on Tuesday

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India has increased the export tax on petroleum crude and cut the tax on jet fuel and diesel, according to a government notification on Tuesday.

India raised petroleum crude tax to Rs 17,750 per tonne from Rs 17,000  per tonne, while cutting the tax on jet fuel to zero from Rs 4 per litre and diesel to Rs 5 per litre from Rs 11 per litre.

(Reuters)




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crude oil petroleum