Govt cuts windfall tax on crude oil, hikes for aviation fuel, diesel
A tax levied on an unforeseen or unexpectedly large profit is called a windfall tax.The notification containing the revised tax structure shall come into force immediately from today.
Nov 02, 2022, 14:13 PM IST
Iran to boost oil exports by 500,000 bpd after sanctions: Shana
Iran is ready to increase its crude oil exports by 500,000 barrels a day, the deputy oil minister said on Sunday, hours after international sanctions on Tehran were lifted, removing an obstacle to exports.
Jan 17, 2016, 14:56 PM IST
US crude down 4% to hit 6-1/2-year low on surprise stock build
US crude oil slumped over 4 percent on Wednesday to hit a 6-1/2-year low and almost break below $40 per barrel, as a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut.
Aug 20, 2015, 08:59 AM IST
Bipartisan bill introduced to end ban on crude oil export
An influential group of Senators from both the Republican and Democratic parties have introduced a legislation in US Senate to end the 1975 ban on crude oil export, which could benefit gas and oil deficient countries like India.
May 14, 2015, 21:30 PM IST
