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WINDFALL TAX REDUCTION
India cuts windfall tax on exports of petrol, diesel, aviation fuelIndia has reduced windfall taxes on petrol, diesel, and aviation fuel exports. The duty on diesel exports is now 24 rupees per litre, while...- Jet fuel price cut by Rs 5/litre as global oil prices easeA significant drop in jet fuel prices, by nearly Rs 5 per litre, brings welcome relief to Indian airlines. This reduction, driven by fallin...
- Oil may stay above pre-conflict levels; OMCs and gas stocks could see further upside: Probal SenGeopolitical easing may cool crude oil prices, but a return to pre-conflict levels remains unlikely soon. Experts suggest shipping disrupti...
- India considers scrapping windfall tax on crude oil: Relief for Reliance Industries and ONGC?India's finance ministry is considering removing the windfall tax on crude oil production due to a substantial drop in global oil prices. T...
- Are GRMs going to be sustainable or will they moderate? MK Surana answersThe petrol and ATF still there is no windfall tax. So, it is 15 days average price which guides the windfall tax and it will keep on increa...
- India cuts windfall tax on petroleum crude to zeroIn early may, the govt had slashed windfall tax on domestically produced crude oil to ₹4,100 per tonne from ₹6,400 per tonne.
- Centre slashes windfall tax on crude oil to Rs 4,100 per tonneThe export duty exemption for petrol, diesel and aviation turbine fuel will continue. The duty will be effective May 2, according to a noti...
- India slashes windfall tax on crude oil production to Rs 3,500 per tonneIt also marginally increased export duty on diesel to Rs one per litre from Rs 0.50 while keeping both petrol and Aviation Turbine Fuel (AT...
- 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, ...
- India cuts windfall tax on crude, aviation fuelThe 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...
- Govt cuts windfall tax on crude oil, hikes taxes on aviation fuel, dieselThe government has maintained that the levy was introduced in view of the windfall gains made by the domestic crude producers and refiners ...
- Centre raises windfall profit tax on diesel, ATF export; hikes tax on domestic crude oilThe 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...
- India's oil ministry seeks windfall tax review; asks for exemption for some oil blocksIn 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...
- 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...
- Centre slashes Windfall Tax to Rs 13,000 per tonne, reintroduces levy on ATF, increase levy on DieselAt the third fortnightly review, the government raised the windfall profit tax on the export of diesel to Rs 7 per litre from Rs 5 a litre ...
- Windfall tax on diesel, jet fuel exports cut furtherIt removed the ₹4 per litre levy on aviation turbine fuel exports. The new rates will be effective from August 3. The levy on petrol export...
- Oil stocks get a lift from cut in windfall taxes, RIL gains 2.5%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...
- Morgan Stanley says RIL, ONGC & OIL valuations may start pricing in higher marginsThis came after the government reduced the windfall tax on diesel and aviation fuel shipments by Rs 2 a litre and scrapped completely a Rs ...
- PMGKY proceeds should not be used to fund government schemes: Economic SurveyOne needs to add the taxes collected on money declared under disclosure scheme (PMGKY), as well as the 'taxes' paid to intermediaries who l...
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