On July 1, the government imposed windfall gain taxes on the export of petrol, diesel and aviation turbine fuel (ATF), and on the domestic production of crude oil.
As per the notification issued by the Department of Excise and Taxation, UT Chandigarh, the VAT percentage on petrol has been reduced from 22.45 per cent to 15.24 per cent and on diesel from 14.02 per cent to 6.66 per cent.