India raises windfall tax on petroleum crude

July 31 (Reuters) - The Indian government has hiked windfall tax on petroleum crude to 4,250 Indian rupees ($51.68) per tonne from 1,600 Indian rupees per tonne with effect from August 1, according to a government notification.

Windfall tax on diesel has been increased to 1 rupee per litre from nil earlier, the order said.

($1 = 82.2380 Indian rupees)