India cuts windfall tax on crude oil output, diesel exports
India cut the windfall tax on crude oil to 4,900 rupees ($60.34) per tonne, according to a government order.
It also cut the export tax on diesel to 8 rupees per litre. Changes to the windfall tax will be effective from Friday, the order said.
Source: Reuters (Reporting by Nidhi Verma, Aftab Ahmed and Shivam Patel in New Delhi; Editing by Jan Harvey)