Asia/Pacific

India raises windfall taxes on petroleum, crude oil and ATF

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India raises windfall taxes on petroleum, crude oil and ATF

India has raised windfall tax on petroleum, crude oil and aviation turbine fuel (ATF), the raised tax on ATF will now be INR 4.5 per litre from INR 1.5, as per the Indian government order dated January 2, 2023. India has been buying Russian crude barrels at well below a $60 price cap agreed by the W...

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