![The government cuts the windfall tax on Crude Oil to Rs 4,600 per Tonne Crude Oil](https://markettechguru.com/wp-content/uploads/2024/08/Default_A_dramatic_illustration_depicting_the_news_of_a_windfa_3-600x400.jpg)
The government cuts the windfall tax on Crude Oil to Rs 4,600 per Tonne
The Union government has significantly reduced the windfall tax on domestically produced crude oil, lowering it from Rs 7,000 per tonne to Rs 4,600 per tonne. This decision marks a notable shift in fiscal policy concerning the oil sector, reflecting changes in the global oil market dynamics. The windfall tax on Diesel and ATF Remains…