India reimposed export duties on diesel and ATF, impacting refining margins and government revenue. A key uncertainty remains whether Relia...

Implemented in July 2022, the windfall tax targeted the substantial profits earned by oil producers amid surging global crude prices. Relia...

The government has abolished the windfall tax on aviation turbine fuel, crude products, petrol, and diesel after extensive deliberations. T...

India's finance ministry is considering removing the windfall tax on crude oil production due to a substantial drop in global oil prices. T...

In early may, the govt had slashed windfall tax on domestically produced crude oil to ₹4,100 per tonne from ₹6,400 per tonne.

India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies....

The tax on crude oil produced by local firms has been reduced to Rs 1,700 per tonne from the existing Rs 4,900 per tonne, as per government...

There is fierce debate over whether imposing an extra tax on windfall profits to subsidize energy users would ultimately worsen the problem...

The government has maintained that the levy was introduced in view of the windfall gains made by the domestic crude producers and refiners ...

The government also hiked the levy on domestically produced crude oil too by Rs 3,000 per tonne to Rs 11,000 in line with the hardening glo...

New Delhi has cut cess on crude to Rs 10,500 per tonne, according to a notification from the Ministry of Finance. India has also lowered wi...

At the third fortnightly review, the government has increased the windfall profit tax on the export of diesel to Rs 7 per litre from Rs 5 a...

"Though certainly tinkering these rates frequently creates its own uncertainty, however considering the high level of prices (crude prices ...

The government on July 1 imposed an export tax on petrol, diesel and aviation turbine fuel (ATF) as well as a windfall tax on crude oil pro...

New Delhi reduced the windfall tax on diesel and aviation fuel shipments by Rs 2 a liter, and scrapped completely a Rs 6-per-liter levy on ...

“While profits generated from oil exports will fall because of windfall taxes, they will likely remain higher than the levels over April 20...

Mukesh Ambani is against the idea of windfall taxes on private refiners.