Searched for
WINDFALL TAX OMCS
Oil may stay above pre-conflict levels; OMCs and gas stocks could see further upside: Probal SenGeopolitical easing may cool crude oil prices, but a return to pre-conflict levels remains unlikely soon. Experts suggest shipping disrupti...- Rising crude and aluminium prices: Bharat Subramanian on what it means for India's energy and metals sectorsGeopolitical tensions in West Asia are driving up oil and aluminium prices. This benefits upstream oil explorers while squeezing oil market...
- Behind the petrol pump: Why fuel retailers losing Rs 7-8 per litre need $85 crude oil to stop bleeding cashOil companies face continued losses of Rs 7-8 per litre on petrol and diesel, with a breakeven point only at crude prices of $85-87 a barre...
- Kotak warns of massive fuel under-recoveries despite recent Rs 3/litre price hikeFuel prices in India could see a significant increase. State-run oil companies may have to raise petrol and diesel rates further if crude o...
- Four years of frozen fuel prices end as Iran war bites: India raises petrol, diesel by Rs 3/litre but oil firms say it's not enoughFuel prices have increased by Rs 3 per litre for petrol and diesel. This is the first pump price hike in four years. The move aims to reduc...
- 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...
- Diesel export tax hike may align prices of state OMCs, private cosA significant increase in diesel export tax is set to align prices for state-run oil companies and private fuel sellers. This move could en...
- 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...
- Rising oil prices to hit profit margins of OMCs, pump up upstream companiesRising crude oil prices are expected to significantly impact the March-quarter profits of oil marketing companies, compressing refining mar...
- Why are crude prices rising and what will be the impact on OMCs? Probal Sen answers"The accumulated profits of Q1 are likely to help tide over the current quarter where margins have turned to basically almost nominal level...
- Healthy refining, retail margins in Apr-Jun qtr set to boost oil marketing companies' profitsThe retail margins on petrol and diesel jumped sharply in the April-June quarter over the previous quarter. This coupled with gross refinin...
- Windfall tax may be phased out in 2023, says Fitch RatingsAs oil rates have started moderating, the five-month-old tax on windfall profits made by oil cos will be phased out in 2023, Fitch Ratings ...
- OMCs likely to report losses in Q2; dividend to govt looks unlikelyThere is no under-recovery on petrol, but OMCs are incurring losses. The oil ministry estimates global crude prices to remain firm in the n...
- GRMs of OMCs to decline from the highs of Q1: Fitch RatingsFitch also expects OMCs to incur large marketing losses in FY23 with continuing negative marketing margins as we expect crude oil prices to...
- Reliance, Nayara face windfall profit tax on local supplies alongside exportsIn subsequent fortnightly reviews, the government scrapped the export tax on petrol and jet fuel (ATF) and more than halved the export tax ...
- 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...
- Axis Bank expects repo rate to rise to 5.75% by end of this fiscalRBI, in its first rate move in two years and the first hike in nearly four years, raised the repo rate by 40 basis points to 4.40 per cent ...
- BPCL, HPCL and IOC rally as Pradhan says no to fuel price interventionThe disruption in US refineries made crude oil cheaper but raised the rates of petrol and diesel.
Load More
