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Windfall Tax: Modi government gave big relief to oil companies? Will petrol-diesel be cheaper now?

Domestic Crude Oil: Some of the eyes are showing a decrease in the rate of crude oil in the international market. With this, now the central government has given great relief to oil vibrations. Diesel and aviation turbine fuel ( ATF ) has been cut in the Vindfall tax on behalf of the government. According to the note assessment issued by the government, the tax on the produced raw oil from the domestic firms has been reduced to Rs 1700, pert. Currently it was Rs 4900 tonnes.

Reduced from 5 rupees liters to 1.5 rupees a
Also, at ATF ( ATF ), the andfall tax has been reduced from Rs 5 to Rs 1.5 to Rs 1.5 liter. There is no change in petrol from the government. Petrol has zero and endfall tax, it has been retained. On high seed diesel, the andfall tax has been reduced from Rs 8 to Rs 5 to the same.

Diesel was charged an ex-support duty of Rs 13
Earlier on 1 July, an exit duty of 6 rupees prat ile liters was imposed on petrol-ATF ( ATF ) and 13 rupees prat रिज़ liter on diesel. Along with this, domestic production of certain oil was levied on Rs 2323250 and3fall tax ( Windfall Tax) of Rs.

What happens and endfall tax
Actually, the andfall tax is applied to the kisi special in ist it or stit. This goes into the situation when the company or industry benefits greatly. In easy terms, it can also be said in this way that when the company has good work in less hard work, then the other fuel tax is imposed from the government.

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The purpose of the Vindfall tax imposed as B ina V plus sur ir eqt producer is to capture the profit earned by domestic oil producers. It is reviewed by the government on every 15 the in. It is reduced or increased based on the review.

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