The Indian government has cut the windfall tax on petroleum crude to 5200 Indian rupees ($62.33) per metric ton from 5700 rupees, with effect from June 1, according to a notification issued on Friday.
The Indian government on Friday slashed the windfall tax on petroleum crude to Rs 5,200 ($62.33) per metric ton from Rs 5,700, with effect from June 1. #Elections with ET Lok Sabha Exit Poll Results 2024: Track all updates here The tax, which is revised every fortnight, remains unchanged for diesel and aviation turbine fuel . On May 16, the Indian government had reduced the windfall tax on petroleum to Rs 5,700 per metric ton from Rs 8,400. India started taxing crude oil production and exports of gasoline, diesel and aviation fuel in July 2022 to regulate private refiners which wanted to sell fuel overseas instead of locally in a bid to gain from robust refining margins.
Repeated petrol, diesel and CNG hikes are squeezing app-based delivery riders, while EV adoption across major delivery fleets remains near 10%. The shift to rented EVs can lower per-km costs, but part-time work, charging access and payout pressure are slowing the transition.
Renault has revealed a 19.41 km/l ARAI-certified mileage claim for the Duster 1.0-litre Turbo TCe 100 manual, making it the most fuel-efficient current petrol Duster powertrain. The number matters for compact SUV buyers comparing petrol running costs, manual variants and future hybrid options.
A fatal crash on the Ferozepur-Fazilka road in Punjab killed nine people and injured several others, with PMNRF relief announced for victims. The incident is a major road-safety and mobility warning for rural highway users, small commercial vehicles and freight traffic.
Tata EV buyers have a fresh June 2026 cost window, with reported benefits of up to Rs 3.35 lakh on select Curvv EV variants, up to Rs 2.75 lakh on Harrier EV, and smaller offers on Punch EV, Tiago EV and Nexon EV. The buyer question is no longer only range; it is whether upfront discounts, exchange or scrappage benefits, fuel-price pressure and charging access now make the ownership math work.