Crude Oil Prices Gain on Unexpected Draw in US Inventories
Oil prices rose in Asian trading on Wednesday, recovering some recent losses after industry data indicated an unexpected draw in US inventories while concerns over...
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Decrease in Crude Oil Prices Affecting India’s Oil Exports: CRISILÂ
The decrease in crude oil prices has affected India’s oil exports, resulting in a decline in overall exports in August. According to CRISIL, the scarcity...
India Reduced Windfall Tax on Crude Oil to Rs 1,850 per tonne
On Friday (August 30), the central government decreased the windfall tax on domestically extracted crude oil to Rs 1,850 from Rs 2,100 per tonne. This...
Crude Oil Prices Jumped 3% Following the Recent Israel Attacks on Iran
Israel launched a retaliatory attack on an Iranian site on April 19, causing oil prices to rise by USD 3 per barrel, raising concerns about...
Government Reimposes Windfall Tax on Crude Oil; Levy on Diesel, Petrol and ATF nil
To rationalise the petroleum sector’s tax structure, the government has reimposed a windfall tax on domestically produced crude oil of Rs 6,400 per tonne. Petrol...
Centre Cuts Windfall Tax on Crude Oil to Rs 4,350
On Thursday, the Centre amended the windfall profit tax on nationally twisted crude oil from Rs 5,050 per ton to Rs 4,350 per ton. The...
Centre Hikes Windfall Tax on Crude Oil, Diesel, Aviation Fuel
India has raised windfall taxes on oil, crude oil and fuel for aviation turbines following a government order on January 2. The order, which took...
Centre Cuts Windfall Tax on Domestic Crude Oil to Rs 1,700 Per Tonne
The government cut a windfall tax on domestic crude oil on December 16 and lowered taxes on diesel. The revised tax rates are effective from...
Sebi Fines Crude Oil Tipswala, 3 Individuals for Unregistered Advisory Services
On Wednesday, Sebi imposed a fine of Rs 3 lakh on Crude Oil Tipswala (COT) and three individuals for providing investment advisory services without authorisation...
Centre Tears Windfall Tax on Domestic Crude Oil, ATF Export Rise
The Centre has augmented the special supplementary excise duty, commonly known as a windfall tax on the export of Aviation Turbine Fuel (ATF) and diesel....