The government has abolished the windfall tax on aviation turbine fuel, crude products, petrol, and diesel after extensive deliberations. 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 tax on July 1, joining a growing number of nations that tax profits of energy companies. At that time, ...

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

The Union government imposed the windfall tax on crude oil and petroleum products in July 2022 in the wake of rising international prices t...

Net profit of Rs 12,825.99 crore, or Rs 10.20 a share, in July-September 2022-23 is compared with Rs 18,347.73 crore, or Rs 14.58 per share...

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

In a letter dated August 12, reviewed by PTI, the oil ministry has sought the exemption from the two-and-half-month old levy for the oil fi...

State-owned Oil and Natural Gas Corporation (ONGC) management during discussions with government officials stated that levying windfall pro...

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...

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...

Foreign brokerage Morgan Stanley said oil refiners such as Reliance Industries, Oil India and ONGC will see a reduction in overhang and equ...

This came after the government reduced the windfall tax on diesel and aviation fuel shipments by Rs 2 a litre and scrapped completely a Rs ...

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

Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) reported bumper profits in the March quarter (when international prices soar...

State-run Oil and Natural Gas Corp (ONGC) has sought levy of windfall tax on crude oil price of over USD 60 per barrel to pay for fuel subs...

Public sector oil exploration major ONGC today said it is receptive to the idea of windfall profit tax on oil companies. The Left parties h...