Finance Ministry to decide on scrapping windfall tax as crude prices decline, says PM's advisor

New Delhi: The Union finance ministry is expected to decide on scrapping the windfall tax on crude oil, as falling prices have made the levy less relevant, said Prime Minister’s advisor Tarun Kapoor, media reports said.

Govt removes windfall tax on petroleum crude

New Delhi: The Union government has reduced the windfall tax on petroleum crude to zero from Rs 1,850 per metric ton, effective September 18, according to a government notification issued on September 17.

Govt slashes windfall tax on crude oil to Rs 2,100 per tonne

New Delhi/IBNS: The Union government has reduced windfall tax on domestically produced crude oil to Rs 2,100 per tonne from previous Rs 4,600 per tonne, while windfall tax on export of diesel and aviation turbine fuel (ATF) has been kept at nil, reports said.

Govt slashes windfall tax on petroleum crude to Rs 5,200 pmt

New Delhi/IBNS: The government has reduced the windfall tax on petroleum crude to Rs 5,200 ($62.33) per metric ton, down from Rs 5,700 per metric ton, according to a notification issued on Friday (May 31).

Govt raises windfall tax on petroleum crude to Rs 4,900/tonne

New Delhi: The government Friday increased the windfall tax on petroleum crude exports to Rs 4,900 per tonne from its previous rate of Rs 4,600, media reports said.

Centre increases windfall tax on petroleum crude to Rs 9,800/ton

New Delhi: The Centre on Tuesday increased the windfall tax on petroleum crude from Rs 9,050/ton to Rs 9,800/ton, effective from November 1, a government notification said.