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.
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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.
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.
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.
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.
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
Windfall tax: Centre hikes levies on diesel, ATF export; raises domestic crude oil tax
Export cess on diesel increased further to ₹13.5 per litre, while ATF will now attract export levy of ₹9 per litre, shows revised notification by FinMin
