India may have rolled back its jet fuel and diesel taxes, but the government increased its windfall tax on crude oil exports by 4.41% on Tuesday to take effect on Wednesday. India initiated on July 1 a windfall tax on the country's oil producers and oil refiners who are exporting more due to the high international price of crude oil and refined products. The windfall tax was originally set at 23,250 rupees per ton on oil producers and 6 rupees per liter on gasoline and jet fuel. The windfall tax on gasoil exports was set at 13 rupees per liter…
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