The government started imposing these windfall taxes from the beginning of July as the prices of crude oil, petrol and diesel increased drastically due to the Russia-Ukraine crisis. In early July, the central government imposed an excise duty of Rs.6 per liter on petrol and ATF, and a duty of Rs.13 per liter on diesel exports. Similarly, a windfall tax of Rs 23,250 per tonne is imposed on the sale of domestically produced crude oil. After that, in the review, this tax was brought to Rs.17,750 per tonne and then to Rs.13,000. But now the central government has increased this windfall tax to Rs.13,300.
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After imposing these taxes on July 1, it reviewed these taxes for the first time on July 20. In this review, Rs.6 duty on petrol exports has been removed. Taxes on diesel and ATF exports have been reduced to Rs.11 and Rs.4 respectively. Revenue Secretary Tarun Bajaj said that these rates will be reviewed every 15 days in accordance with foreign exchange rates and global crude oil prices.
Today’s petrol and diesel rates..
Even today, petrol and diesel prices in major cities, according to the data disclosed by oil marketing companies, the price of a liter of petrol in Hyderabad is Rs.109.66. Also, the price of diesel per liter is recorded as Rs.97.82. Petrol price in Delhi is Rs.96.72 and diesel price is Rs.89.62. Petrol and diesel prices have changed in many parts of AP. In Visakhapatnam, the price of petrol has increased from Rs.110.82 to Rs.111.06. Also, the price of diesel in Vizag has gone up from Rs.98.59 to Rs.98.81.
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