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Africa emerged as the top destination for India’s petroleum exports in December, while shipments to traditional importers in Asia and…
Windfall tax was implemented post the outbreak of conflict between Russia and Ukraine when oil prices spiked and remained above…
The windfall tax, introduced in July 2022, was designed to tap into the higher revenues earned by oil companies due…
The price hike follows a Rs 39.5 per cylinder reduction in rates effected on December 22.
Price of domestic LPG – used in household kitchens for cooking purposes – remained unchanged at Rs 903 per 14.2-kg…
The increase comes on back of the steepest-ever 14.1 per cent increase (Rs 13,911.07 per kl) effected on September 1,…
India first imposed windfall profit taxes on July 1 last year, joining a growing number of nations that tax supernormal…
In three increases, ATF prices have gone up by a steep Rs 23,116.24 per kl. On the other hand, the…
Aviation turbine fuel (ATF) price was increased by 7,728.38 per kilolitre, or 8.5 per cent, in the national capital to…
The windfall gains tax on domestically produced crude oil has been slashed to the tune of Rs 4,100 per tonne…
The windfall gains tax on domestically produced crude oil has been reimposed to the tune of Rs 6,500 per tonne…
The government cut the windfall gains tax on domestically produced crude oil to zero on Tuesday.
In its fortnightly review, the government hiked the export duty on diesel while slashing the tax on the domestic production…
The additional duty on diesel has been brought down to Rs 2.5 from Rs 7.5/litre earlier and the levy on…
The windfall tax on export of ATF has been lowered to Rs 3.5 per litre from Rs 4.5 per litre…
Windfall gains tax on crude has been cut to Rs 1,900 per tonne from Rs 2,100 per tonne earlier. The…
The tax on locally produced crude oil has been hiked to Rs 2,100 per tonne from Rs 1,700 per tonne,…