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CRUDE OIL CESS
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 ...- 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,...
- PM Modi dismisses media report on possible tax on foreign travel as ‘totally false’Prime Minister Narendra Modi has strongly refuted media reports suggesting a new tax on foreign travel. He stated there is absolutely no tr...
- Gold volume growth may dip 10–15% after duty hike, say jewellersIndia's gold and silver import duty hike may affect jewellery sales volumes initially. Industry leaders believe demand will stay strong due...
- Gold import duty hike in US may have led to insider trading, says Zerodha’s Nithin KamathZerodha CEO Nithin Kamath highlighted the tight regulation in Indian financial markets following a surprise import duty hike on gold and si...
- Why gold’s Rs 10,000 spike after import duty increase is a one-off moveGold and silver prices staged a sharp comeback on Wednesday, with MCX futures for both metals surging nearly 6% in a single session after t...
- Gold import duty hike to hurt jewellery trade, spur grey market: GJCGold import duty hike: The Indian gems and jewellery sector anticipates difficulties following a significant increase in gold import duty t...
- Gold jewellery to get costlier: Here's how much more you need to pay on your next purchaseIndia has significantly raised import duties on gold and silver. This move aims to reduce foreign exchange outflow and ease pressure on res...
- India raises gold, silver import duty to 15% to curb imports, support rupee amid West Asia crisisGold, silver import duty hike: India has significantly raised customs duties on gold, silver, and platinum imports to 15% and 15.4%, respec...
- Petrol price today 3 May 2026: Check latest rates in Delhi, Mumbai, Chennai, Kolkata and BengaluruPetrol price today :Indian petrol prices change daily. This dynamic pricing depends on global crude oil costs, the rupee's value against th...
- 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...
- ONGC, Cairn India demand lowering of cess on crudeThe producers want the government to cut the cess to 8 per cent of the price they realise on sale of domestically produced crude oil.
- Budget 2016: ONGC to save Rs 2,158 crore on 20% ad valorem cess, says source“For every dollar increase in crude prices above $30 a barrel, are savings will reduce by Rs 146 crore,” the ONGC executive said.
- Budget 2016: FM Arun Jaitley announces 20% cess on domestic crude oilIndustry has been lobbying to link the cess on oil to an ad valorem rate and was expecting it to be in the range of 8-10%
- Cairn wants government to reduce oil cess before BudgetCairn India wants the government to not wait till the Budget to cut cess on crude oil so as to give relief to domestic oil producers hit by...
- Government likely to give oil cess relief to domestic producersThe government is likely to convert a cess on domestically produced crude oil into an ad-valorem rate from a fixed per tonne levy, at prese...
- Oil Ministry pitches for ad-valorem levy of oil cessWith oil prices dropping to an 11-year low of under $35 per barrel, the cess translates into one-third of the realisation going away in jus...
- Cairn seeks cut in cess on crude as oil prices halveCairn has asked government to cut the cess levied on crude oil produced from its Rajasthan fields as the levy was taking away nearly a fift...
- ONGC, Oil India, Cairn seek cut in cess on crudeONGC and Oil India as well as private sector Cairn India have asked the government to cut cess on crude oil they have to pay in view of slu...
- ONGC seeks cess on crude calibrated to global pricesOil and Natural Gas Corp (ONGC) has sought calibration of cess on domestic crude oil to international oil prices so that the Government rev...
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