India cuts export duties on petrol, diesel and aviation turbine fuelIndia will reduce its export duties on petrol, diesel, and aviation turbine fuel (ATF) starting June 1. The new rates are 1.5 rupees per li...
Government revises windfall tax on fuel exports from June 1New windfall tax rates on fuel exports take effect from June 1, 2026. Taxes are back on diesel and aviation turbine fuel after a period of ...
Petrol, diesel price hike impact: HPCL, BPCL & IOC shares jump 2% each. What lies ahead for the OMCs?Oil marketing companies like HPCL, BPCL, and IOC saw a 2% share increase following a second petrol and diesel price hike in under a week, w...
Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily lossIndian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and dail...
Fuel price hike may push inflation up by 20 bps, say expertsFuel prices have risen, potentially pushing retail inflation up by 0.15 to 0.20 percentage points. Experts warn this could lead to wider pr...
Petrol exports to attract ₹3/litre excise dutyNew Delhi is shaking up its energy export policy with the introduction of a specialized excise duty on petrol exports. Meanwhile, the gover...
Govt imposes ₹3/litre windfall tax on petrol exports; cuts diesel, ATF leviesThe government has introduced a windfall gains tax of Rs 3 per litre on petrol exports. Levies on diesel exports are now Rs 16.5 per litre,...
Maharashtra reduces VAT on jet fuel from 18% to 7%Aviation Turbine Fuel tax cut in Maharashtra offers relief to airlines. The state government reduced Value Added Tax to 7% from 18% until N...
IndiGo, SpiceJet & other travel stocks plunge up to 7%. Two big reasons whyTravel stocks, including IndiGo, SpiceJet, ixigo, Toman Cook and Yatra Online, fell sharply after Prime Minister Narendra Modi urged citize...
PM Modi calls for pandemic-era austerity drivePrime Minister Narendra Modi urged Indians to embrace austerity measures, similar to the Covid-19 pandemic, to counter disruptions in fuel ...
If crude stays high, Indian aviation faces margin squeeze, demand risk: Oil AnalystIndian aviation faces tough times as fuel prices remain high. Aviation Turbine Fuel costs are a major burden for airlines. This pressure is...
India should create strategic buffers to navigate 'most difficult' energy shock: CEA NageswaranV Anantha Nageswaran has called for India to build strategic buffers to manage the ongoing energy shock triggered by the West Asia crisis, ...
OMCs push for increase in LPG, petrol, diesel, ATF prices as losses mountOil prices are soaring, pushing the govt to consider raising fuel costs. State-run companies are facing significant losses due to the sharp...
Petrol, diesel, domestic LPG prices remain unchanged; no change in ATF price for domestic airlinesAirline fuel costs are holding steady even as oil firms take the hit from rising global prices to keep fares manageable for travelers. Mean...
Excise duty on diesel exports cut to Rs 23/ltr, ATF exports to Rs 33/ltrThe govt has announced a reduction in the windfall tax for diesel exports to Rs 23 per litre and for aviation fuel to Rs 33 per litre, star...
Govt sets export duty on diesel at ₹23/litre, ATF at ₹33; petrol levy stays nilThe government has set export duties on diesel at ₹23 per litre and on aviation turbine fuel (ATF) at ₹33 per litre for the fortnight start...
Air India, IndiGo, SpiceJet seek ATF price relief; say airline industry on verge of 'stopping operations'Indian airlines Air India, IndiGo, and SpiceJet are in severe financial distress. They warn of halting operations due to soaring jet fuel c...