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PETRO TAXES
How India can build a bigger oil buffer without straining the exchequerAs tensions around Iran and the Strait of Hormuz ease, India should focus not only on managing the immediate oil crisis but also on strengt...- 5 world market themes for the week aheadGlobal markets are watching closely as a U.S.-Iran deal faces crucial weeks. Key economic data from the U.S. and Australia, along with Colo...
- Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilitiesPakistan is proposing a bonded storage plan to boost its energy security by allowing international suppliers to hold petroleum stocks. The ...
- BPCL Q4 Results: Cons PAT jumps 28% YoY to Rs 5,625 crore; revenue rises 6%BPCL reported a 28% YoY jump in Q4 consolidated PAT to Rs 5,625 crore, with revenue rising 6.3%. Full-year net profit surged 94% to Rs 25,8...
- Trump draws Marie Antoinette comparisons as he leans into the gilded trappings of the presidencyPresident Donald Trump's attention to grand White House projects like a new ballroom draws criticism. Opponents say this shows he is out of...
- Venezuela kills off petro cryptocurrencyThe cryptocurrency was launched with great pomp and ceremony in February 2018, backed by Venezuela's vast petrol reserves, and priced at US...
- Venezuela kills off petro cryptocurrencyAll crypto wallets held on the Patria Platform -- the only website where the petro was tradeable -- will be shut down on Monday, January 15...
- Time to pare taxes on petro-fuelsTaxes on petrol and diesel add up to two-thirds of retail prices, at an all-time high now and a threat to economic recovery. Note that taxe...
- Why high taxes on petroleum products are not badHigh fiscal deficit can be corrected only with higher taxes in one form or the other.
- Centre’s GST course-correction ducks real concerns, says CongressThe Congress said the Centre was not addressing key issues in agriculture, small and medium enterprises and textile sectors.
- GST: Some good news and some badMature economies with high taxes on oil products invariably have an integrated GST in place .
- Oil companies flayed for hike in petro price hikeBihar today accused oil cos of increasing the prices of petro products without consulting state governments on irrecoverable taxes.
- Decontrol diesel prices and allow third-party marketing of all fuelsThe decision to revise petrol prices fortnightly and peg domestic rates to the Singapore index for petrol needs to be broadly welcomed.
- Now's the TimeThe spike in crude prices makes it imperative to reform petro pricing.
- PetroChina halts plan to buy CNPC's overseas assetsPetroChina, the world's second-most valuable oil and gas producer, has halted plans to buy half of its parent's assets in an overseas explo...
- Specific duty stabiliser for oilStates, which have earned a whopping Rs 65,000 crore as tax revenues from the oil sector in 2007-08 thanks to the high oil prices, may now ...
- States ask Centre to share 50% of burden on tax cuts on fuelsPutting the ball back to the Centre's court on the issue of tax cut on petro products, states on Monday asked the Centre to share 50 per ce...
- IOC should be cautious over govt's demand of bonus sharesIOC, with its wonky topline growth, ought to avoid higher payouts at this juncture.
- Roll back prices, reduce dependence on exports: WBThe WB govt on Thursday demanded a complete roll back of petroleum prices, saying that the Centre should ensure "adequate" geological prosp...
- Oil giants, PSUs form lobbying bodyOil giants Shell, Kuwait Petroleum and Unocal have joined hands with RIL, IOC, ONGC, Gail and other PSUs to form the Petroleum Federation o...
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