India slashes taxes on aviation fuel exports, domestic crude oil

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Indian government lowered taxes on aviation turbine fuel exports to 5 rupees per liter from 9 rupees per liter, a government notification said on Friday.

The government also reduced windfall tax for domestically produced crude oil to 10,500 rupees per tonne from 13,300 rupees per tonne, according to the notification.

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(Reporting by Ann Maria Shibu in Bengaluru; Editing by Toby Chopra)

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