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WINDFALL TAX HIKE
Softer inflation trips rate hike forecasts, RBI hold more likelyStandard Chartered Bank had already withdrawn its August rate hike forecast following the last policy review. ET’s interactions with bank e...16 Jul, 2026, 12.59 AM IST- India slashes windfall tax on crude to Rs 4,600 per tonneIndia reduced the windfall tax on domestically produced petroleum crude to Rs 4,600 per tonne from Rs 7,000 per tonne due to a drop in crud...01 Aug, 2024, 08.15 AM IST
- Centre hikes windfall tax on crude oil to Rs 7,000 per tonneThe Indian government has increased the windfall tax on domestically produced crude oil to Rs 7,000 per tonne, up from Rs 6,000 per tonne, ...15 Jul, 2024, 10.07 PM IST
- Windfall tax on petroleum crude hiked to Rs 6,000 per tonneIndia's progressive tax reforms in the energy sector aim to hold energy companies accountable for extraordinary profits, fostering a more e...01 Jul, 2024, 11.24 PM IST
- Centre hikes windfall tax on petroleum crudeGovernment raised windfall tax on petroleum crude to 4,900 rupees/tonne from 4,600 on March 16 through SAED. Diesel tax increased to Rs 1.5...15 Mar, 2024, 08.39 PM IST
- Govt hikes windfall tax on petroleum crudeIndia also cut the windfall tax on diesel to zero from Rs 1.50 per litre effective March 1, the order showed. The tax on petrol and aviatio...29 Feb, 2024, 11.05 PM IST
- Windfall tax on crude hiked to Rs 2,300 per tonneIn its last review on December 18, the government had sharply cut the windfall profit tax on crude oil produced in the country to Rs 1,300 ...02 Jan, 2024, 10.14 AM IST
- Centre cuts windfall tax on petroleum crude, dieselIndia imposed a windfall tax on crude oil producers in July 2022 and extended the levy on exports of gasoline, diesel and aviation fuel as ...18 Dec, 2023, 11.34 PM IST
- Centre hikes windfall tax on crude oil to Rs 12,000 per tonneThe Indian government has increased the windfall tax on domestically produced crude oil to Rs 12,000 per tonne, up from Rs 10,000. In addit...29 Sep, 2023, 09.33 PM IST
- India hikes windfall tax on crude petroleum to Rs 7,100 per tonneThe Indian government has increased the windfall tax on crude petroleum to Rs 7,100 per tonne from Rs 4,250 per tonne with effect from Augu...14 Aug, 2023, 11.12 PM IST
- Windfall tax on crude raised to Rs 4,250 per tonneIndia last July imposed the windfall tax on crude oil producers and extended the levy on exports of gasoline, diesel and aviation fuel afte...01 Aug, 2023, 06.27 AM IST
- India slashes windfall tax on crude oil production to Rs 3,500 per tonneIt also marginally increased export duty on diesel to Rs one per litre from Rs 0.50 while keeping both petrol and Aviation Turbine Fuel (AT...04 Apr, 2023, 04.29 PM IST
- Windfall tax hiked marginally to Rs 4400, export duty on ATF scrappedExports of petrol will continue to attract nil duly. The new rates will be applicable from March 4. India imposed windfall profit taxes on ...04 Mar, 2023, 08.27 AM IST
- Govt reduces windfall gain tax on crude production, ATF and diesel exportIndia first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies....16 Feb, 2023, 08.27 AM IST
- Centre hikes windfall tax on locally produced crudeThe windfall tax on aviation turbine fuel has been hiked to ₹4.5 per litre from the existing ₹1.5 per litre, as per a notification issued b...03 Jan, 2023, 08.48 AM IST
- Govt cuts windfall tax on crude oil, hikes taxes on aviation fuel, dieselThe government has maintained that the levy was introduced in view of the windfall gains made by the domestic crude producers and refiners ...01 Nov, 2022, 10.42 PM IST
- Centre raises windfall profit tax on diesel, ATF export; hikes tax on domestic crude oilThe government also hiked the levy on domestically produced crude oil too by Rs 3,000 per tonne to Rs 11,000 in line with the hardening glo...15 Oct, 2022, 09.29 PM IST
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