Govt scraps windfall tax on domestic crude, hikes export duty on diesel
The government has hiked the export duty on diesel to ₹0.50 per litre from ₹1 per litre.
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Govt cuts windfall tax on domestic crude oil, diesel, ATF
Following this development, shares of Oil & Natural Gas Limited (ONGC), the country’s largest oil and gas producer surged 4.08% to hit an intra-day high of ₹152 apiece on the Bombay Stock Exchange.
Brent crude hits a month low, but petrol, diesel prices remain steady
Brent crude oil price has fallen 9.2% in the last two days to $78.01 per barrel, the lowest level since December 12, 2022.
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.
Windfall tax on diesel, ATF cut; oil stocks rise
The Centre has reduced tax on domestically-produced crude oil to ₹10,500 per tonne from ₹13,300 per tonne; tax levy on diesel lowered to ₹10 per litre.
Oil stocks Reliance, ONGC, Adani Gas, IOC fall up to 5%; here’s why
Shares of ONGC, Reliance, Adani Total Gas, Indraprastha Gas, CPCL, and MRPL saw selling pressure after the govt revised the windfall tax on crude oil
Jet fuel prices see 5% jump in 10th hike this year
The hike in ATF prices is likely to make air travel more expensive as aviation fuel constitutes around 40% of the running cost of an airline.
Aviation fuel prices hiked to an all-time high; no rise in petrol, diesel rate
Aviation turbine fuel, used to fly airplanes, was raised by 2% to hit an all-time high ₹1,12,924.83 per kilolitre in the Delhi region.
Aviation fuel prices hiked by 18%
Aviation turbine fuel (ATF) prices witnessed an 18% jump on Wednesday.
