India raises windfall tax on petroleum crude

Storage tanks of an oil refinery of Essar Oil are pictured in Vadinar·Reuters
Reuters

(Reuters) - The Indian government has raised the windfall tax on petroleum crude to 7,000 rupees ($83.78) per metric ton from 6,000 rupees per metric ton, effective from July 16, a notification issued on Monday showed.

($1 = 83.5510 Indian rupees)

(Reporting by by Nikunj Ohri and Gursimran Kaur in Bengaluru; Editing by Devika Syamnath)