Windfall profit tax raised on export of diesel, Jet fuel

The Government has raised windfall profit tax on diesel export to Rs 13.5 per litre and on jet fuel exports to Rs 9 per litre.

This was done after a fortnightly review on Wednesday, a Finance Ministry notification said.

Windfall profit tax on domestically-produced crude oil has also been hiked by Rs 300 per tonne to Rs 13,300.

On Aviation Turbine Fuel (ATF) exports, tax was raised to Rs 9 per litre from the earlier Rs 2, according to the notification.

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