Baat Pate Ki: Russia rejects Pak's demand to provide subsidized oil
Russia simply refused to give discounted crude oil to Pakistan. A delegation of Pakistani officials had sought 30 to 40 per cent discount on crude oil in talks with Russian officials. But, on the very next day of this conversation, Russia flatly refused to give any kind of discount to Pakistan in crude oil.
Dec 02, 2022, 22:40 PM IST
Deshhit: Moscow refuses to give Pakistan discounted Russian crude oil!
Russia has bluntly told Pakistan that it will not give it cheap crude oil like India. For the second time in two months, a delegation of the Government of Pakistan went to Moscow. There it appealed to the Vladimir Putin government to supply oil to Pakistan at a 40% discount.
Dec 02, 2022, 22:04 PM IST
Baat Pate Ki: India increases oil imports from Russia
Angered by the ongoing war between Russia and Ukraine, many countries of Europe banned the purchase of oil from Russia. After which Russia increased the supply to other countries, including India.
Nov 07, 2022, 22:36 PM IST
Petrol, Diesel Price on October 31: Check latest fuel rates in your city today
Scroll ahead to find out today's fuel rates in your city.
Oct 31, 2022, 09:39 AM IST
Petrol-Diesel Price today, October 4, 2022: Check today's petrol and diesel rates in your city
Oil Marketing Companies(OMCs) like Indian Oil, Bharat Petroleum, and Hindustan Petroleum update petrol and diesel price in different cities every morning based on foreign exchange rates and international benchmark prices. However, the price of petrol and diesel has remained unchanged for a long time.
Oct 04, 2022, 09:41 AM IST
Petrol-Diesel Price today, October 3, 2022: Check today's petrol and diesel rates in your city amid crude oil prices picked up pace
The downward trend in the price of crude oil for some time is put under control. There is an up mark in the price of crude oil on Monday morning.
Oct 03, 2022, 09:06 AM IST
Govt cuts WINDFALL profit tax on domestic crude oil; scraps LEVY on jet fuel
The tax at the rate of Rs 5 a litre on Aviation Turbine Fuel (ATF) exports was scrapped with effect from October 2, according to a finance ministry notification issued late Saturday night. The reduction in the tax rates follows the easing of crude oil prices in international markets.
Oct 02, 2022, 12:26 PM IST
Windfall tax cut on oil producers expected; hike in levy on ATF, diesel exports surprising: Analysts
At the third fortnightly review, the government has increased the windfall profit tax on the export of diesel to Rs 7 per litre from Rs 5 a litre and brought a Rs 2 a litre tax on ATF exports.
Aug 19, 2022, 16:28 PM IST
DNA: Analysis of Jaishankar's 'Nation First' Policy
External Affairs Minister S Jaishankar said that India is not a very rich country like America, nor is the per capita income of Indian people very high. That's why we will buy the goods from where we can get it cheaper. Addressing the Indian community in Bangkok, Thailand's capital, the External Affairs Minister has spoken about crude oil imports from Russia.
Aug 18, 2022, 00:14 AM IST
Govt cuts windfall tax on diesel, ATF export; raises levy on domestic crude oil
The tax on domestically produced crude oil was hiked to Rs 17,750 per tonne from Rs 17,000, a move that will hit producers like ONGC and Vedanta Ltd.
Aug 03, 2022, 13:17 PM IST
Rupee vs Dollar: Rupee falls 27 paise to 78.80 against USD in early trade
Experts said foreign portfolio investor (FPI) flows have turned around in domestic equities and Crude oil prices have also been steady. This has reduced pressure on the rupee.
Aug 03, 2022, 10:18 AM IST
IOC sold petrol at Rs 10 a litre loss, diesel at Rs 14; firm posts first quarterly loss in 2 years
Indian Oil Corporation sold petrol at a loss of Rs 10 per litre and diesel at Rs 14 a litre during April-June.
Jul 31, 2022, 15:08 PM IST
Govt slashes windfall tax on fuel export, domestic crude oil
While the Rs 6 a litre export duty on petrol was scrapped, the tax on the export of diesel and jet fuel (ATF) was cut by Rs 2 per litre each to Rs 11 and Rs 4 respectively, government notifications showed.
Jul 20, 2022, 13:25 PM IST
Shares gain on finance, consumer boost after overnight oil selloff
Indian shares posted their best session in two weeks on Wednesday as finance and consumer goods stocks gained.
Jul 06, 2022, 16:32 PM IST
Crude Oil price rises 3% as supply and global recession concerns continue
Russia's former president Dmitry Medvedev warned that a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil in the market and push prices above $300-$400 a barrel.
Jul 06, 2022, 11:36 AM IST
New taxes to hurt disinvestment plans, corporate profits, investment climate: Kotak Securities
In a research report, Kotak Securities said the bulk of the recent earnings downgrades are largely because of the export taxes on steel, diesel, petrol and additional excise duty on crude oil and hoped that such measures are for a short term and do not extend to other sectors.
Jul 05, 2022, 14:59 PM IST
Govt to review oil export, windfall tax based on forex rate, international oil prices every fortnight
Revenue Secretary Tarun Bajaj said the USD 40 per barrel level of oil prices being talked about for a rollback of the levy is unrealistic, considering the international oil rates currently.
Jul 04, 2022, 14:31 PM IST
Govt hikes taxes on petrol and diesel exports, imposes windfall tax on crude oil
Small producers whose annual crude production in the previous fiscal year was less than 2 million barrels will be excluded from this cess.
Jul 01, 2022, 12:12 PM IST
Lanka IOC provides fuel as government pumps go dry in island nation
On Monday, The Sri Lankan government announced that only essential services will operate from midnight till July 10 and all other operations will be temporarily suspended as the crisis-hit nation faces an acute fuel shortage.
Jun 30, 2022, 08:54 AM IST
Petrol pumps in Rajasthan facing acute supply issue, 4,500 petrol pumps stop selling fuel after 9pm: Reports
As per media reports, nearly 4,500 petrol pumps out of 6,700 outlets in Rajasthan are facing acute shortate of oil. Reports further said that the petrol pum owners have to wai for over three days --starting from demand draft booking to getting the supply.
Jun 13, 2022, 09:57 AM IST
