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Crude Oil
Business  /  Published 18.08.22

Profit tax on diesel export hiked

The government on Thursday hiked the windfall profit tax on the export of diesel to Rs 7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil i...
By PTI in New Delhi

India  /  Published 18.08.22

Gadkari bats for alternative fuel use

Union minister Nitin Gadkari on Thursday pitched for the use of alternative fuels for vehicles to cut down on crude oil import as well as to reduce pollution. "As much as 35 per cent of the poll...
By PTI in Mumbai

Business  /  Published 21.07.22

Levy on local crude firms slashed 27%

The Narendra Modi government has slashed the so-called windfall tax on domestic crude oil producers and refiners and withdrawn the Rs 6 per litre levy on petrol exports, less than three weeks after un...
By Our Special Correspondent in New Delhi

Business  /  Published 20.07.22

Govt slashes windfall tax

The government on Wednesday scrapped a windfall tax on the export of petrol and cut the levy on overseas shipments of diesel and ATF as well as on domestically produced crude oil following a decline i...
By PTI in New Delhi

Opinion  /  Published 19.07.22

In a free fall

This month, the rupee’s weakening trend has occupied our attention. Media reports have relentlessly focused on its fall to a ‘lifetime-low’ on a daily frequency. The authorities, on ...
By Renu Kohli

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Business  /  Published 13.07.22

Windfall tax review on oil retailers likely

A massive crash in refining margins of diesel, petrol and ATF coinciding with a cool-off in crude oil prices from their peaks in June has diminished the super-profits of refiners, a report said on Wed...
By Our Bureau, PTI in New Delhi

Business  /  Published 06.07.22

Crude forecast at $65

Crude oil prices could crash to $65 a barrel by the end of this year and $45 by the end of 2023 if a recession hits the world economy, analysts at Citi said in a report. The benchmark Brent crude is ...
By Our Special Correspondent in Mumbai

Business  /  Published 05.07.22

Cash gush puts lid on yields

Market circles said declining crude oil prices also contributed to the rally in bond prices. Brent crude is now trading at around $113 per barrel, down from over $120 per barrel nearly a month ago. ...
By Our Special Correspondent in Mumbai

Business  /  Published 05.07.22

Windfall tax faces Catch-22

■ The moot point is whether the windfall tax will stay or not ■ The tax may go if crude price falls by $40, which is unlikely ■ There is a possibility of a review on a fortnightly basis, which...
By Our Special Correspondent in New Delhi

Business  /  Published 01.07.22

Fuel price: Govt to review new taxes

Finance Minister Nirmala Sitharaman on Friday said the government will review every fortnight the new taxes levied on crude, diesel and ATF based on international prices. She said these are "ext...
By Our Bureau, PTI in New Delhi


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