Petrol and Diesel Prices may Reduce on Global Crude Rate Cuts: Petroleum Secretary
If global oil prices stay low, petrol and diesel prices may be cut in India. This relief is much needed as current prices encourage inflation...
Tag : windfall tax
OIL, ONGC Shares Up 2% After Govt Cuts Windfall Tax to Zero
Shares of upstream oil companies such as Oil India and ONGC soared in early trade on May 16 after the government reduced the windfall tax...
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...
ONGC Shares Soars 2% as Centre Cuts Windfall Tax on Crude Production
On Wednesday, Oil and Natural Gas Corporation Ltd (ONGC) shares gained more than 2% in early morning trade after the Government of India scraped all...
Govt Scraps Windfall Tax on Crude Production, Slashes Diesel Cuts
According to a government notice, the government has cut the windfall tax on crude oil production to zero from Rs 3,500 ($42.56) a tonne starting...
Oil India, ONGC Shares Rise 4% on Improving Earnings Outlook
Shares of oil companies Oil & Natural Gas Corporation (ONGC) and Oil India rose 4% on the BSE in intraday trade on Wednesday on an...
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...
Centre Reduces Windfall Tax on Oil to Rs 10,500 Per Tonne
Yesterday, the government increased the windfall tax on the sale of domestic crude oil by a sharp 21 per cent to Rs 10,500 a tonne....