Due to the fall in international fuel rates, the central government has cut income taxes on gasoline, diesel, jet fuel and crude oil. The changes go into effect on Wednesday, July 20.
The wind tax changes come into effect on Wednesday, July 20. (Pictured)
The government on Wednesday cut taxes on gasoline, diesel, jet fuel and crude oil after international rates fell.
It eliminated the tax of Rs 6 per liter on gasoline exports and reduced the same duty on ATF from Rs 6 per liter to Rs 4. notifications.
Furthermore, the additional tax of Rs 23,250 per tonne on domestically produced crude oil has been cut to Rs 17,000 per tonne.
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