The government has hiked windfall tax on domestically produced crude oil to ₹4,600 per tonne from ₹3,300 per tonne with effect from March 1.
The tax is levied in the form of Special Additional Excise Duty (SAED).
The SAED on export of diesel, however, has been cut to nil from ₹1.50 a litre, according to an official notification.
