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WINDFALL PROFIT TAX
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...27 May, 2026, 10.36 AM IST- RBI declares record Rs 2.87 lakh crore dividend to cushion war shockThe Reserve Bank of India announced a record surplus transfer to the government for FY26, though it falls short of budget estimates. This s...23 May, 2026, 06.11 AM IST
- South Korea stocks gyrate as top aide floats AI ‘dividend’South Korea is considering a 'Citizen Dividend' from AI profits. A top policymaker proposed using excess tax revenue to benefit all citizen...16 May, 2026, 01.11 PM IST
- 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...16 May, 2026, 05.30 AM IST
- Buy, Sell or Hold: Elara Capital maintains a buy rating on Oil India; Goldman Sachs retains a buy rating on JSW SteelBrokerage firms are optimistic about specific market segments. Strong earnings, supportive policies, and better balance sheets are driving ...15 May, 2026, 10.05 AM IST
- Oil firm TotalEnergies chief to face French parliament over war-time windfall profitsPatrick Pouyanne, the chief of energy giant TotalEnergies, will face a grilling next month. The French parliament's finance committee will ...13 May, 2026, 12.01 AM IST
- South Korea’s radical 'AI dividend' proposal: A bold future or a market nightmare?South Korea is discussing sharing the wealth generated by artificial intelligence. A government official suggested distributing AI profits,...12 May, 2026, 11.43 AM IST
- Reliance Industries Q4 Results: Profit falls 13% YoY to Rs 16,971 crore; revenue rises 13%Reliance Industries Q4 Results: Reliance Industries saw its net profit drop 13% year-on-year in the fourth quarter of fiscal 2026. Revenue,...25 Apr, 2026, 06.04 PM IST
- Israel, Iran war: Five EU finance ministers call for windfall profit tax on energy companiesUS-Israel Iran War: Five European Union nations are urging for a windfall tax on energy companies. This call comes amid soaring fuel prices...04 Apr, 2026, 11.12 PM IST
- Govt hikes windfall tax on petroleum crudeIndia also cut the windfall tax on diesel to zero from Rs 1.50 per litre effective March 1, the order showed. The tax on petrol and aviatio...29 Feb, 2024, 11.05 PM IST
- Windfall tax on crude hiked to Rs 2,300 per tonneIn its last review on December 18, the government had sharply cut the windfall profit tax on crude oil produced in the country to Rs 1,300 ...02 Jan, 2024, 10.14 AM IST
- 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...02 Jan, 2024, 09.41 AM IST
- Windfall tax to continue for now; collections at Rs 25,000 cr this yearIndia first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies....02 Feb, 2023, 08.00 PM IST
- India cuts windfall tax on crude oil to Rs 1,900 per tonne from Rs 2,100 per tonneIt has also reduced levy on ATF to Rs 3.5 per litre from earlier Rs 4.5 per litre and has reduced export duty on diesel to Rs 5 per litre, ...17 Jan, 2023, 01.34 PM IST
- Consultations on windfall tax an ongoing process: Oil MinistryThe government defended the imposition of windfall tax as "one of the measures which helps in dealing with the situation" that had arisen d...21 Sep, 2022, 12.12 AM IST
- "A response to a dynamic situation": Oil ministry gives its view on windfall tax"Crude oil prices have witnessed extreme volatility in 2022. This has resulted in very high prices for end consumers at petrol pumps. Count...20 Sep, 2022, 08.05 PM IST
- Tax windfall profitsThe mines ministry has done well to propose a windfall tax on minerals like iron ore.19 May, 2010, 04.07 AM IST
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