Centre cuts windfall tax on petrol, diesel, ATF exports

New Delhi, May 31: The government has halved windfall gains tax on export of petrol to Rs 1.5 litre, while reducing the levy on diesel to Rs 13.5/litre and aviation turbine fuel to Rs 9.5/litre effective June 1. The finance ministry in a notification said road and infrastructure cess will be nil on export of [...]