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DIESEL TAX REMOVAL
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...- ET Prime Special Series: Multibagger or IBC - Part 63: This engine parts maker is now chasing aerospace, defenceSome auto ancillary stories are best understood by products. This one is best understood by buckets. The first bucket is still old auto, an...
- How much is the federal gas tax and how much could Americans save as Trump weighs gas tax holiday amid soaring fuel pricesFederal gas tax: US President Trump is considering a temporary federal gas tax suspension amid soaring fuel prices. While the federal tax i...
- Decontrol oil prices and replace cross-subsidies with targeted DBTs for needy householdsDuring recent global crude price volatility linked to West Asia tensions, retail fuel prices in India remained largely unchanged, unlike in...
- Fuel price freeze: Rs 18/litre loss on petrol, Rs 35 on dieselState-owned fuel retailers IOC, BPCL and HPCL face widening losses of Rs 18 per litre on petrol and Rs 35 on diesel as prices remain frozen...
- Crude cargo traffic likely to get caught up in war logjam againA US naval blockade of Iranian ports, following failed ceasefire talks, has increased uncertainty over energy cargo movements and the risk ...
- 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...
- India slashes special additional excise duty on petrol, diesel by Rs 10 per litreIndia has significantly reduced excise duties on petrol and diesel, cutting the special additional excise duty on petrol to Rs 3 per litre ...
- India reimposes windfall tax on diesel, ATF exports; sets rates at Rs 21.5/litre and Rs 29.5/litreIndia has reinstated windfall taxes on diesel and aviation turbine fuel exports, with levies of Rs 21.5 and Rs 29.5 per litre respectively....
- India raises windfall tax on crude by Rs 1,000; removes taxes on diesel, ATFPetrol, Diesel Rates: India has significantly increased the windfall profit tax on crude oil from Rs 1,300 to Rs 2,300 per tonne. Simultane...
- Petrol pump owners in Delhi stage protest demanding removal of VAT, revision of marginsThe associations also flagged the issue of adulterated diesel. Due to the absence of any monitoring system, the tankers are used extensivel...
- Windfall profit tax cut on domestic crude oil, diesel; scrapped for ATFThe tax at the rate of Rs 5 a litre on Aviation Turbine Fuel (ATF) exports was scrapped with effect from October 2, according to a finance ...
- Petrol, diesel to become cheaper by Rs 5 in Assam from midnight; liquor to be cheaper by 25 pcAssam finance minister Himanta Biswa Sarma, while presenting the vote on account on Friday, said that 25 per cent additional cess on liquor...
- Rajya Sabha clears GST Bill, tower companies may lose out on Rs 2,000 crore in annual savingsSince tower companies, typically, are huge consumers of diesel, continuation of central excise duties and state sales tax levies would have...
- Petrol pumps closed in Haryana after dealers indefinite strikeOver 2,300 fuel pumps in Haryana have stopped selling petrol & diesel to consumers as petroleum dealers went on indefinite strike to press ...
- CPI(M) opposes excise duty hike on petrol, dieselThe party also sought a review of the tax structure on petroleum products and removal of ad valorem tax on them.
- Eliminate price difference between diesel and petrol, don’t penalise diesel carsInstead of taxing cars, the government needs to bite the bullet and implement a one-time hike in the price of diesel.
- Bad idea on diesel carsSpecific proposal of Expert Group on petroproducts to levy an additional excise duty of Rs 80,000 on diesel cars makes for perfect nonsense.
- State FMs likely to slash fuel sales taxStates are likely to shield consumers from the recent fuel price hike in the light of rising inflation by setting a limit on sales tax that...
- Petrol, diesel prices to be cheaper in DelhiPetrol and diesel prices will be cheaper by 67 paise and 22 paise respectively in the national capital with the notification of the new low...
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