The government has decreased the windfall tax on the production of crude oil from Rs 3,500 per tonne to zero effective from April 03, 2023, according to a government notice published by Reuters. India had levied windfall profit taxes earlier in FY22. At the time, the export tax on petrol, ATF and diesel was Rs 6 per litre and Rs 13 per litre, respectively &amp; windfall tax&nbsp;on domestic oil production was&nbsp;Rs 23,250 per tonne. India's main fuel exporters Reliance Industries, which has the largest single-location oil refinery complex in the world in Gujarat, and Rosneft-backed Nayara Energy are expected to benefit from this policy shift.&nbsp;<div> </div>

The government has decreased the windfall tax on the production of crude oil. Click the link know about Nayara Energy.