India Slaps Windfall Tax On Oil Producers And Refiners ...Middle East

OILPRICE - Economy
India Slaps Windfall Tax On Oil Producers And Refiners
source : OILPRICE ( Middle East ) () 27
India has initiated a windfall tax on the country's oil producers and oil refiners who are exporting more due to the high international price of crude oil and refined products, Reuters said on Friday. India's windfall tax will be 23,250 rupees per ton on oil producers and 6 rupees per liter on gasoline and jet fuel. The windfall tax on gasoil exports will be 13 rupees per liter. What's more, fuel exporters will be required to sell at least some of their product domestically. The new taxes will serve as an incentive to keep more product at home…

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