India has cut the windfall tax on petroleum crude to 5,700 rupees ($68.34) per metric ton from 8,400 rupees with effect from May 16, according to a notification issued on Wednesday.
Centre Cuts Windfall Tax On Petroleum Crude, New Rates Effective From Today
![](https://newslaunched.com/wp-content/uploads/2024/05/n7hs3if8_windfall-tax_625x300_16_May_24-pvAiTs.jpeg)