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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Centre cuts windfall tax on crude oil to ₹3,500/tonne; export duty on diesel hiked
According to a notification by the Ministry of Petroleum and Natural Gas, the export duty on diesel has been hiked to ₹1 per litre from ₹0.50 per litre.
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 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.
Govt slashes windfall taxes on diesel, jet fuel; oil stocks surge
In the sixth round of revision, the windfall tax on domestic crude oil has been slashed by 24% to ₹8,000 per tonne from ₹10,500.
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
Windfall tax: Centre cuts levy on crude oil export to ₹13,000/tonne
The govt increases the export levy on diesel to ₹7 per litre from ₹5 per litre. The ₹2/litre export tax on aviation turbine fuel imposed again
Rupee devaluation hits ability to buy goods, services, petrol, diesel
Around 76% of respondents to a survey say they will be able to afford less in coming years as higher import costs will get reflected in products they buy
