Govt Reviews Windfall Gains Tax, Cuts Cess on Crude
On August 18, the Government of India slashed the crude oil tax in its third fortnightly windfall profits tax review and lowered it from Rs...
Search Results for: Crude Oil
Reduced Windfall Tax on Domestic Crude by Government
The union government has lowered the windfall tax on locally produced crude oil sales to $13,000 per tonne.The sale of Indian-produced crude oil has been...
Higher Prices Assist Oil Companies in Keeping Q1 Windfall Tax Under Control
Global petroleum prices are being affected by demand worries in the context of the weak US and Chinese economic statistics, forecasts for rising US crude...
Asian Shares Volatile, Oil Slumps on Recession Fears
Asian markets struggled to find direction on Tuesday as concerns over global growth weighed on global growth after weak Chinese data weighed on oil prices...
Russia Overtakes Saudi Arabia to Overtake as India’s Second-Largest Oil Supplier
On August 5, Russia surpassed OPEC+ ally, Saudi Arabia, expanding market share in one of the largest crude importers, despite rising fuel demand in India...
Centre Cuts Jet Fuel and Diesel Taxes, Raises Petroleum Crude Export Tax
The central government on Tuesday hiked the windfall tax, a tax levied on an unforeseen or unexpectedly large profit, on crude petroleum producers by 4.41%,...
Govt Cuts Base Import Prices of Gold, Silver, Edible Oil Amid Easing Commodity Prices
On July 15, the central government announced a cut in import benchmark prices amid signs of cooling in gold, silver and edible crude oil prices....
Oil Price Rises 2% Saudi Output Boost Expected
On Friday, Oil prices rose 2.5 per cent after an immediate Saudi oil output boost which was not expected. The comment during US President Joe...
Asia Stocks Remain Steady; Oil Drops Below $100
On Thursday, Asian stocks were steady, and crude slipped further back from $100 a barrel as investors weighed the US Federal Reserve’s determination. In Japan...
Oil India Tank Up to 20% in Two Days On Windfall Tax
The state-owned Oil and Natural Gas Corporation (ONGC)and Oil India shares were down for the second straight day, falling to 6 per cent on the...