Govt slashes windfall tax on domestic crude to ₹4,100; here’s how oil stocks reacted
With this the government, however, has left the windfall tax on petrol, diesel and aviation turbine fuel (ATF) or jet fuel unchanged.
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Govt extends restrictions on export of petrol, diesel
Refiners must sell at least 50% of annual volume of petrol exports, 30% of diesel exports in India; move to ensure availability of refined fuel in India
Feb fuel demand rises 5% to 24-yr high of 4.8 mn barrels a day
Petrol sales up 8.9% to 2.8 million tonnes, while diesel sales surge 7.5% to 6.98 mn tonnes.
India to get fuel at far cheaper rate than anyone else: FM
India continues to import fuel at a far cheaper rate despite the energy prices going through the roof due to Ukraine crisis, says Nirmala Sitharaman.
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.
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 halves windfall tax on domestic crude oil; here's how oil stocks reacted
The windfall tax on domestically produced crude oil has been halved to ₹4,900 per tonne from ₹10,200 per tonne, whereas the tax of export of diesel has been slashed to ₹8 per litre.
Sensex, Nifty scale fresh all-time highs; investors' wealth rises ₹9 lakh crore in 8 sessions
The equity benchmarks continued their record setting spree on Thursday, wherein Sensex and Nifty recorded fresh all-time highs of 63,583 and 18,887, respectively.
Core sector output growth slumps to 20-month low of 0.1% in Oct
The combined index of eight core industries was dragged down by a contraction in the output of crude oil, natural gas, refinery products, and cement.
