Windfall tax on crude oil hiked by ₹3,150/tonne, ATF by ₹2.5/litre

The government has hiked windfall tax on domestic crude oil production by ₹3,150 per tonne to ₹5,050 per tonne from ₹1,900 per tonne. The additional tax on aviation turbine fuel (ATF) export has been increased by ₹2.5 per litre to ₹6 per litre. The windfall tax on diesel export has been raised to ₹7.5 per litre from ₹5 per litre.