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Published 1 year ago

Govt cuts windfall tax on crude oil output, diesel exports effective from today

Summary by Ground News
The government has slashed the windfall profit tax on locally-produced crude oil and diesel, in line with a fall in international rates. The tax at the rate of Rs 5 a litre on Aviation Turbine Fuel (ATF) exports was scrapped with effect from October 2.Export duties of Rs 6 per litre (USD 12 per barrel) were levied on petrol and ATF.

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