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ONGC WINDFALL TAX
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 ...- ONGC shares rally 6% after govt cuts crude oil royalty; CLSA explains why it’s a big boostONGC shares surged 6% after CLSA termed the government’s decision to cut crude oil and natural gas royalty rates a major positive for upstr...
- RIL, ONGC shares recover as government scraps windfall tax on key petroleum productsImplemented in July 2022, the windfall tax targeted the substantial profits earned by oil producers amid surging global crude prices. Relia...
- Govt scraps windfall tax on petrol, diesel exports; big relief for Reliance, ONGCThe government has abolished the windfall tax on aviation turbine fuel, crude products, petrol, and diesel after extensive deliberations. T...
- India cuts windfall tax on petroleum crude to zeroIn early may, the govt had slashed windfall tax on domestically produced crude oil to ₹4,100 per tonne from ₹6,400 per tonne.
- ONGC, Oil India shares rise 5% as govt cuts windfall tax on crudeIndia first imposed windfall profit tax on July 1, joining a growing number of nations that tax profits of energy companies. At that time, ...
- Windfall tax to continue for now; collections at Rs 25,000 cr this yearIndia first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies....
- Lower windfall tax may improve realisations of oil producersThe Union government imposed the windfall tax on crude oil and petroleum products in July 2022 in the wake of rising international prices t...
- ONGC Q2 Results: Profit tumbles 30% YoY to Rs 12,826 crore on windfall tax woesNet profit of Rs 12,825.99 crore, or Rs 10.20 a share, in July-September 2022-23 is compared with Rs 18,347.73 crore, or Rs 14.58 per share...
- Govt cuts windfall tax on crude oil, hikes taxes on aviation fuel, dieselThe government has maintained that the levy was introduced in view of the windfall gains made by the domestic crude producers and refiners ...
- India's oil ministry seeks windfall tax review; asks for exemption for some oil blocksIn a letter dated August 12, reviewed by PTI, the oil ministry has sought the exemption from the two-and-half-month old levy for the oil fi...
- ONGC in favour of scrapping windfall tax, wants govt to fix floor price for gas at $10State-owned Oil and Natural Gas Corporation (ONGC) management during discussions with government officials stated that levying windfall pro...
- India cuts windfall tax on crude oil to Rs 10,500 per tonneNew Delhi has cut cess on crude to Rs 10,500 per tonne, according to a notification from the Ministry of Finance. India has also lowered wi...
- Oil stocks get a lift from cut in windfall taxes, RIL gains 2.5%The government on July 1 imposed an export tax on petrol, diesel and aviation turbine fuel (ATF) as well as a windfall tax on crude oil pro...
- RIL, ONGC, Chennai Petrochem rally up to 11% after govt cuts windfall taxes on fuel exportsForeign brokerage Morgan Stanley said oil refiners such as Reliance Industries, Oil India and ONGC will see a reduction in overhang and equ...
- Morgan Stanley says RIL, ONGC & OIL valuations may start pricing in higher marginsThis came after the government reduced the windfall tax on diesel and aviation fuel shipments by Rs 2 a litre and scrapped completely a Rs ...
- Reliance, ONGC’s credit quality can bear windfall tax, says Moody's“While profits generated from oil exports will fall because of windfall taxes, they will likely remain higher than the levels over April 20...
- Don’t see a windfall tax levy, will invest Rs 31,000 crore in exploration: ONGCOil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) reported bumper profits in the March quarter (when international prices soar...
- ONGC seeks windfall tax on crude oilState-run Oil and Natural Gas Corp (ONGC) has sought levy of windfall tax on crude oil price of over USD 60 per barrel to pay for fuel subs...
- ONGC favours windfall profit taxPublic sector oil exploration major ONGC today said it is receptive to the idea of windfall profit tax on oil companies. The Left parties h...
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