India cuts windfall tax on crude, aviation turbine fuel and diesel

(Reuters) - India has cut its windfall tax on crude oil and exports of aviation turbine fuel and diesel, according to a government notification dated Jan. 16.

It cut its windfall tax on crude to 1900 rupees ($23.28) per tonne from 2100 rupees per tonne, effective Tuesday.

($1 = 81.6280 Indian rupees)

(Reporting by Baranjot Kaur in Bengaluru and Nikunj Ohri; Editing by Hugh Lawson)