Question
The government has lowered the windfall tax on crude
petroleum to ________ per tonne from Rs.6300 per tonne.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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