Govt Cuts Windfall Tax On Crude Oil, ONGC, OIL India Ltd To Gain
Upstream oil exploration and production companies ONGC and Oil India Ltd stand to gain as they will have to pay a lower tax on their crude.
May 01, 2024, 14:57 PM IST
Higher Windfall Tax On Crude Oil Kicks In As Prices Soar To $95 Barrel
The tax helps the government to raise more resources to subsidise the prices of LPG and CNG for consumers.
Oct 01, 2023, 11:15 AM IST
Centre Hikes Windfall Tax On Crude, Diesel And Jet Fuel; New Rates Applicable From Today
India had first imposed windfall profit taxes on July 1, 2022, joining a growing number of nations that tax the supernormal profits of energy companies.
Aug 15, 2023, 07:26 AM IST
Higher Rates On Windfall Tax On Crude Petroleum, Diesel Applicable From Today August 1
Government revises windfall tax on these commodities on a fortnightly basis.
Aug 01, 2023, 07:57 AM IST
Windfall Tax On Domestic Crude Oil Cut To Zero, On Export Of Diesel Halved
Alongside, the government cut the tax on the export of diesel to Rs 0.50 per litre from Re 1.
Apr 04, 2023, 17:17 PM IST
Windfall Tax On Diesel Export Hiked To Re 1 Per Litre
The government raised the tax on the export of diesel to Re 1 per litre from Rs 0.50.
Mar 21, 2023, 13:02 PM IST
Govt cut Windfall profit tax on crude oil & diesel; Will fuel rates come down?--Read here
The government has also cut the tax on the export of diesel to Rs 5 per litre from Rs 8 and the same on overseas shipments of ATF to Rs 1.5 a litre from Rs 5.
Dec 16, 2022, 11:57 AM 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
Export tax imposed on crude oils to check profits made at the expense of supplies: FM Nirmala Sitharaman
"These are times when oil prices internationally are unbridled. They are just going on and on upwards. And for any country, like India for instance, which depends largely and very much largely on imports, we also need to pay that kind of money to get the imports," states Finance Minister Nirmala Sitharaman.
Jul 01, 2022, 18:29 PM IST
Government may levy windfall oil tax on ONGC to soften fuel prices
The tax, which may come in form of a cess, will kick in the moment oil prices cross USD 70 per barrel, sources privy to the development said.
May 24, 2018, 13:22 PM IST
