Govt have reduced windfall tax on domestic produced crude oil from 13000/tone to Rs 10.500/tone

The Circular have been released on Sept 16 by Finance ministry

Additionally they have also reduced tax on export of Diesel and ATF

The decision will come into force from sept 17

On the export of diesel the cess is reduced to Rs 6.50/litre from Rs 13.5/litre

ATF (Aviation Turbine Fuel ) export was cut to Rs 8.5/litre from Rs 9/litre

For your information International oil prices is trading at 6 month low

Currently the cost of crude oil buying for India is around $92.67 per barrel, which was $97.40 in previous month.