<p>New Delhi: The government on Friday hiked windfall tax on domestically produced crude oil to Rs 4,900 per tonne from Rs 4,600 per tonne.</p><p>The tax is levied in the form of a Special Additional Excise Duty (SAED).</p><p>The SAED on the export of diesel, petrol and jet fuel or ATF, has been retained at nil.</p>.No petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody's.<p>The new rates are effective from Saturday, an official notification said.</p><p>India first imposed windfall profit taxes on July 1, 2022, joining a host of nations that tax supernormal profits of energy companies.</p><p>The tax rates are reviewed every fortnight based on average oil prices in the previous two weeks.</p>
<p>New Delhi: The government on Friday hiked windfall tax on domestically produced crude oil to Rs 4,900 per tonne from Rs 4,600 per tonne.</p><p>The tax is levied in the form of a Special Additional Excise Duty (SAED).</p><p>The SAED on the export of diesel, petrol and jet fuel or ATF, has been retained at nil.</p>.No petrol, diesel price hike likely despite crude oil price surge as elections loom: Moody's.<p>The new rates are effective from Saturday, an official notification said.</p><p>India first imposed windfall profit taxes on July 1, 2022, joining a host of nations that tax supernormal profits of energy companies.</p><p>The tax rates are reviewed every fortnight based on average oil prices in the previous two weeks.</p>