India hikes windfall tax on petroleum crude

NEW DELHI (Reuters) - The Indian government has raised its windfall tax on petroleum crude to 4,900 rupees ($59.15) a tonne from 4,600 rupees with effect from March 16, according to a government notification released on Friday.

($1 = 82.8439 Indian rupees)

(Reporting by Tanvi Mehta and Aftab Ahmed; Editing by Jan Harvey)