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    Question

    The government has lowered the windfall tax on crude

    petroleum to ________ per tonne from Rs.6300 per tonne.
    A Rs.5000 Correct Answer Incorrect Answer
    B Rs.4800 Correct Answer Incorrect Answer
    C Rs.4500 Correct Answer Incorrect Answer
    D Rs.3700 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    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.The windfall tax on crude oil had been slashed to Rs 6,300 ($75.70) per tonne from Rs 9,800 a tonne, while for diesel, it was halved to Rs 1 per litre from Rs 2 per litre. The levy on the export of jet fuel and petrol was kept unchanged at zero

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