Govt slashes windfall tax on crude oil by over ₹1,300 per tonne
The Special Additional Excise Duty (SAED) on domestically produced crude oil was raised to ₹9,800 per tonne from ₹9,050 per tonne, effective from November 1.
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Centre cuts windfall tax on crude petrol to ₹6,300 per tonne
The government has also cut the special additional excise duty (SAED) on the exports of diesel to ₹1 per litre from ₹2 per litre earlier.
Govt hikes windfall tax on crude, diesel; here's how oil stocks reacted
The government has also hiked the windfall tax on diesel to ₹1 per litre from nil.
Oil stocks up as govt cuts windfall tax on petroleum cude to zero
Levy on petrol, diesel, and aviation turbine fuel has been kept unchanged at zero
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.
Govt reintroduces windfall tax on crude oil; scraps duty on diesel exports
The windfall tax on petrol and aviation turbine fuel (ATF) has, however, remained unchanged. The new rates are applicable with effect from April 19, 2023.
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.
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.
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.
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.
