Govt again hikes windfall tax on petroleum crude to ₹9,600 per tonne
Notably, diesel and aviation turbine fuel will remain unaffected and maintain a zero windfall tax rate
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Diesel the culprit of India's oil demand growth in 2024: OPEC
In the first six months of 2024, the country's oil demand is projected to expand by an average of around 250 thousand barrels per day year-on-year.
Petrol, diesel to be cheaper by ₹2 from today
Reduced petrol and diesel prices will benefit the citizens through more disposable income, says government
EVs to cost less than petrol and diesel cars in India by 2027
India has a chance to catch up with the front-runners such as China, says report
No relief on petrol, diesel, LPG despite lower price of crude: Congress
It may be noted that the WPI based inflation in May 2023 contracted 3.48% year-on-year compared with 0.92% contraction in April 2023.
Losses of state-run OMCs to ease amid lower crude oil prices: Moody's
India's windfall tax on exports of locally-produced oil has helped reduce the state-owned refining and marketing companies' marketing losses, says Moody's.
Govt raises windfall tax on crude, diesel, aviation fuel
The tax rates are revised every fortnight based on prevailing international rates.
Govt slashes windfall tax on domestic crude oil, exports of diesel; here’s how oil stocks reacted
On July 1 this year, the Indian government joined a group of nations that imposed a windfall tax on crude oil owing to soaring energy prices.
Petrol prices rose 19%, diesel by 26.5% in 2 yrs: Govt
State-run oil marketing companies have booked a combined loss of ₹27,276 crore in the first six months of the ongoing financial year, says Union minister Hardeep Puri.
HPCL shares fall 5% post Q2; should you buy the dip?
HPCL posted a back-to-back quarterly loss amid continued decline in margins due to a freeze on retail prices of petrol and diesel.
