Business  /  Published 14.08.22

Reliance, Nayara face windfall profit tax

The just-introduced tax on windfall energy profits of oil refiners like Reliance Industries is not only levied on the diesel they export but also on the supplies they make to fuel retailers within Ind...
By PTI in New Delhi

Business  /  Published 31.07.22

IOC sold petrol at Rs 10 a litre loss

Indian Oil Corporation sold petrol at a loss of Rs 10 per litre and diesel at Rs 14 a litre during April-June, leading to the firm reporting its first quarterly net loss in over two years, a report sa...
By PTI in New Delhi

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

West Bengal  /  Published 11.07.22

Purulia: Dad and youth murdered

 A forester from Darjeeling division on Sunday recovered a female melanistic leopard’s body from the Singalila National Park. A driver with the forest department first spotted the carcass ...
By Abhijeet Chatterjee in Durgapur

World  /  Published 04.07.22

Lanka struggles on fuel

Sri Lanka is struggling to raise $587 million to pay for about half a dozen fuel shipments, a top minister said on Sunday as the cash-strapped country tries to cope with its worst financial crisis in ...
By Reuters in Colombo


Business  /  Published 02.07.22

Tax axe on refiners, export levy on fuels

“It is not to discourage exports, it is not to discourage India as a refining hub. It is certainly not against profit earning, but extraordinary times do require some such steps,” Sitharam...
By Our Special Correspondent in New Delhi

World  /  Published 01.07.22

Pak hikes petrol prices

The Pakistan government has steeply hiked petroleum prices to implement the tough preconditions set by the International Monetary Fund (IMF) to revive the stalled USD 6 billion bailout package for the...
By Our Bureau, PTI in Islamabad

Business  /  Published 01.07.22

Govt slaps tax on oil exports

The government on Friday slapped an export tax on petrol, diesel and jet fuel (ATF) shipped overseas by firms like Reliance Industries Ltd, and imposed a windfall tax on crude oil produced locally by ...
By Our Bureau, PTI in New Delhi

Business  /  Published 20.06.22

Private fuel retailers miffed

Selling diesel at Rs 20-25 a litre below cost and petrol at Rs 14-18 per litre below cost, as a result of a price freeze despite soaring crude rates is unsustainable, an industry body representing pri...
By PTI in New Delhi

World  /  Published 24.05.22

Sri Lanka hikes fuel prices

Crisis-hit Sri Lanka on Tuesday raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of...
By Our Bureau, PTI in Colombo


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