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Windfall profit tax on crude oil halved, levy on export of diesel too slashed

The government has slashed the windfall profit tax by less than half on domestically produced crude oil and also reduced the levy on diesel

Govt cuts windfall tax on domestic crude oil

The government has cut the windfall tax on locally-produced crude oil in line with a fall in international rates with effect from September 17

Petrol sales rebound in August, diesel lags

Petrol sales in India rebounded in August but diesel continued to show a decline over the previous month, showed official data

Windfall tax cut on oil producers expected; hike in levy on ATF, diesel exports surprising: Analysts

Windfall profit tax on local oil producers has been cut on expected lines but increasing the levy on jet fuel and diesel exports was a surprise...

Govt does not intend to regulate airfares on international routes: Singh

In a written reply in the Rajya Sabha, MoS VK Singh said airfares are neither established nor regulated by the government

Windfall tax review more likely after sharp fall in global crude prices, says report

A crash in refining margins of diesel, petrol & ATF has diminished the gains of refiners, necessitating a review of the windfall tax, a report said

Puri attacks Opp-ruled states over failure to cut fuel taxes on petrol, diesel, ATF

Synopsis: Minister for Petroleum and Natural Gas Hardeep Singh Puri launched a fresh tirade slamming Opposition-ruled states over their failure to cut VAT on petrol, diesel and Aviation Turbine Fuel, holding them responsible for high price of air tickets and fuel

PNGRB extends bid submission deadline for JNPT-Navi Mumbai ATF pipeline

The PNGRB has extended the deadline for the submission of bids for the development of an ATF pipeline from JNPT to Navi Mumbai International Airport

Recovery continues, fuel demand grows by 11% in June: PPAC data

Continuing the recovery after touching a 13-year-low in April, consumption of petroleum products in India went up by 11 percent in June, PPAC data showed

IEA expects India’s petroleum product demand to drop by 8% in 2020

We expect oil demand to fall by 180 kb/d y-o-y in 1Q20 and 1.3 mb/d in 2Q20, said IEA In the second quarter of FY2020-21,...

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