Customs duties on crude oil halved to 5% from 10%.
Customs duties on petrol and diesel reduced to 10% from 20%.
Customs and excise duties on LPG and kerosene eliminated.
Customs duties on all other petroleum products other than above reduced to 10% from 20%.
Excise duties on petrol and diesel fixed as a combination of ad-valorem and specific duties.
Cess on petrol and diesel increased by 50 paise per litre.
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Cess on petroleum crude oil under the Oil Industry (Development) Act 1974 stands increased from Rs1, 800 per tonne to Rs 2,500 per tonne
Tariff rate of customs duty on petroleum crude reduced from 10% to 5%. Effective rate continues at 5%.
Tariff rate of customs duty on petroleum products reduced from 15% to 10%. Effective duty has been kept at 10%.
Customs duty on naphtha reduced from 10% to 5 %.
Customs duty on natural gas, propane and butanes falling reduced from 10% to 5%
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Advalorem component of the excise duty on petrol and diesel reduced from 8% to 6%.
Infrastructure status to Cross-country natural gas distribution network, including gas pipelines and storage facilities integrated to the network, and to navigation channel in the sea.
Extension of service tax to services outsourced for production of oil and gas.
Custom duty on plastics reduced from 12.5% to 7.5%, while the custom duties on DMT, PTA and MEG reduced from 10% to 7.5%.
Dividend distribution tax raised from 12.5% to 15% on dividend distributing companies.
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