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SAED PETROL IMPACT
India hikes diesel, ATF export levies from June 16India has increased the windfall tax on diesel and aviation fuel exports. The special additional excise duty on diesel exports will now be ...
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...
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...
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 caps refinery margins after windfall export tax to cushion fuel lossesIndia has capped refinery margins to manage losses on domestic fuel sales. This follows a windfall tax on fuel exports. The move aims to ba...
No windfall tax on diesel, ATF exports from Reliance SEZ: OfficialReliance Industries SEZ refinery will not face new export taxes on diesel and aviation fuel. This exemption stems from judicial pronounceme...
Reliance SEZ export duty clarity key under India's fuel tax rejig: AnalystsIndia reimposed export duties on diesel and ATF, impacting refining margins and government revenue. A key uncertainty remains whether Relia...
Windfall Tax: Vedanta deducts $91 million from govt's profit to make up for tax paidIndia first imposed windfall profit tax on July 1, 2022 joining a growing number of nations that tax super normal profits of energy compani...
"A response to a dynamic situation": Oil ministry gives its view on windfall tax"Crude oil prices have witnessed extreme volatility in 2022. This has resulted in very high prices for end consumers at petrol pumps. Count...
RIL shares down 8% so far this month. Are concerns over windfall tax overdone?Analysts at HDFC Securities said the recent correction in Reliance shares is overdone. The domestic brokerage has an 'add' rating on RIL wi...
Here's how windfall tax will impact Reliance, ONGC and OIL IndiaThe government has raised export duty on diesel by Rs 13 a litre and on petrol by Rs 6 a litre. It has also raised export duty on ATF by Re...
Burden of fuel excise cut entirely on Centre, says FM Nirmala SitharamanSome opposition leaders including former finance minister P Chidambaram alleged that the duty cuts would reduce the share of states in cent...
FM Nirmala Sitharaman rebuts Opposition flak on excise duty cuts, says move does not impact state sharing of taxesTaking to Twitter, Sitharaman said she is sharing some useful facts on levies on petrol and diesel for the benefit of all.
No cut in excise duty on petrol, diesel; tweak in rates to accommodate agri cessBesides the tweak, the Budget proposed monetisation of oil and gas pipelines of gas utility GAIL and oil refiners Indian Oil Corporation (I...
OMC shares hit by agri cess on fuel; fineprint shows zero impact“This is madness! Farm cess of Rs 2.5 per litre on Petrol Rs 4 per litre on diesel and people thought no increase in taxes…,” said Sandip S...
Petrol price down Rs 2.5 a litre, diesel by Rs 2.25The government had yesterday cut excise duty on petrol and diesel by Rs 2 per litre each to moderate the relentless rise in fuel prices ove...
Saudi Aramco, Total SA looking to set up petrol pumps in IndiaA license to retail fuel in the country is subject to a company investing Rs 2,000 crore in oil and gas infrastructure - refineries, explor...
Low crude oil and other commodity prices globally to bring respite to Narendra Modi governmentPetrol prices are at a 16-month low, cooking oil and rubber are at a five-year low. This augurs well for a lower rate of inflation.
Low crude oil and other commodity prices globally to bring respite to Narendra Modi governmentPetrol prices are at a 16-month low, cooking oil and rubber are at a five-year low. This augurs well for a lower rate of inflation.
- High Inflation, RBI rate hikes may lead consumers to cut back on purchases
Consumers will cut spending on cars, two-wheelers and new homes as the central bank relentlessly raises interest rates to curb inflation.