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WINDFALL TAX INCREASE
Centre cuts windfall tax on diesel, ATF exports from October 1The Centre has decreased the windfall tax on diesel exports to ₹16 per litre and ATF exports to ₹10.5. This decision, effective from Octobe...- H-1B visa millionaire: Indian expat shares how he built wealth without a ‘lucky investment’Indian expat and digital content creator Pritesh Jagani has shared the steps he says helped him become a millionaire while working in the U...
- Reliance Industries shares gain as govt slashes windfall tax on fuel exports; stock down 21% in 2026 so farReliance Industries shares saw a gain following the government's reduction in windfall taxes on fuel exports. The duty on diesel and petrol...
- Aramco closes supply tap for Indian refiners, new oil barrels to cost moreSaudi Arabia has sold some spot cargoes to traders expected to deliver small volumes to Indian refiners through Hormuz. The risk-taking tra...
- India’s August fuel story: Petrol, diesel up, LPG down sharplyPetrol and diesel sales saw significant year-on-year increases in August. This growth was fueled by greater mobility and a strengthening ec...
- South Korea proposes record $597 billion 2027 budget to supercharge AI investmentIn its annual budget proposal, the budget ministry said the spending plan represented a 12.8% rise from 2026, marking the largest year-on...
- Himachal imposes 60 paise/litre widow, orphan cess on petrol, dieselThe Himachal Pradesh government has imposed a new cess on fuel. This levy of sixty paise per litre applies to petrol and diesel. The Widow ...
- Oil India shares jump over 5%. What made Emkay upgrade the stock after Q1 resultsOil India shares jumped over 5% after strong Q1FY27 results prompted Emkay Global to upgrade the stock to ‘Buy’. The brokerage cited attrac...
- $48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oi...
- White House set to extend Jones Act waiver as Trump hunts for cheaper gasolineThe White House plans to extend a Jones Act waiver to reduce gasoline prices. This waiver increases shipping flexibility and eases transpor...
- India raises windfall tax on petrol exports to Rs 3.5/litre, diesel to Rs 24/litre from August 3The government has decided to raise the windfall tax on fuel exports, now charging Rs 3.5 per litre for petrol and a steep Rs 24 per litre ...
- Petrol, diesel prices today, July 16: Check latest fuel rates in Delhi, Mumbai, Bengaluru, Kolkata amid tax hikePetrol, Diesel price today, 24 July 2026: Check the latest city-wise petrol and diesel rates in Delhi, Mumbai, Chennai, Kolkata and other m...
- India raises windfall tax on diesel, jet fuel exports; cuts levy on petrol exportsIndia's government has adjusted windfall taxes on fuel exports, effective July sixteenth. The export duty on petrol has been reduced to two...
- South Korea's AI tax windfall a 'golden window' for investment: LeeSouth Korea will use a tax revenue windfall from artificial intelligence chipmakers as a strategic source of investment, President Lee Jae ...
- India hikes diesel, ATF export levies from June 16India has increased the windfall tax on diesel and aviation fuel exports. The special additional excise duty on diesel exports will now be ...
- Windfall tax on crude raised to Rs 4,250 per tonneIndia last July imposed the windfall tax on crude oil producers and extended the levy on exports of gasoline, diesel and aviation fuel afte...
- Centre increases windfall tax on crude to Rs 4250 per tonneIt has also increased duty on export of diesel to Rs one per litre from Nil. The new rates will be effective August 1. Export duty on petro...
- Windfall levy on domestically produced crude now nilIn the last revision the windfall levy was Rs 3,500 per tonne. It also marginally increased export duty on diesel to Rs one per litre from ...
- India cuts windfall tax on crude oil to Rs 10,500 per tonneNew 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...
- India may cut cess on ATF, diesel export in fifth revision of windfall tax, sources sayIndia may cut cess on domestic crude production, ET Now reported citing unnamed sources. New Delhi may also lower duty on export of ATF and...
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