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Govt cuts import duty on refined soybean & sunflower oils to 12.5%
The government has reduced the import duty on refined soybean and sunflower oils to 12.5 per cent f…
PTI
Windfall profit tax on crude oil hiked, levy on export of diesel cut
In the fortnightly revision of windfall tax, the government hiked the rate on export of diesel…
PTI
ONGC, Reliance-BP bid for oil, gas blocks, foreign giants continue to stay away
Thirteen bids were made by five companies including ONGC, Vedanta, Oil India, Sun Petrochemicals, a…
PTI
ONGC Q2 Results: Profit drops 30% to ₹12,826 crore as govt levies windfall tax
Profit fell 15.6 per cent over the preceding June quarter when it had reported Rs 15,205.85 cro…
PTI
Godrej's Dorab Mistry shoots off angry letter to Indonesian government over palm oil issue
Days after Indonesia lifted the export ban on palm oil, Godrej International Ltd Dorab Mistry on Th…
'Cess introduced in budget will boost states' agri infra'
With many opposition parties slamming the introduction of cess in the budget, presented by Finance …
PTI
No rise in retail petrol/diesel prices despite new cess in Budget
New Delhi, Feb.The government on Monday imposed agriculture and infrastructure development cess at …
Government puts 10 oil and gas exploration blocks up on bid
Accelerating the oil exploration and production activities in India, the Central government on Thur…
Budget 2016 likely to give oil cess relief to domestic producers
"There are indications the Budget may announce an ad valorem rate of cess instead of Rs 4,500 per t…
Fuel prices rise as daily revision resumes after over 80 days
Oil marketing companies have resumed the dynamic pricing system for daily revision of fuel prices a…
India to gain ₹1.6 lakh crore this fiscal from record excise duty hike on petrol, diesel
This is the second hike in excise duty in less than two months and will help government garner …
PTI
Breakup of Petrol and Diesel prices after Indian government raise excise duty by ₹3 per litre
Additionally, road cess on petrol was rais…
PTI
Oil India wages war against telecom ministry over ₹48,000 cr AGR dues
"We have received a demand notice for paying payments by January 23. We plan to challenge it in…
PTI
India offers 11 oil and gas blocks in 5th bid round
New Delhi, Jan 15 () India on Wednesday announced the opening of the fifth oil and gas block bid ro…
PTI
Cairn asks govt to revisit oil taxation regime; says funding new exploration difficult
Over the last one month, in addition to all business measures, Cairn has marshalled all its Corpora…
PTI
You are paying more than 100% tax on oil prices
Oil companies supply oil to Indian government at the rate of Rs 29.54 per litre (inclusive of their…
Amid Steep Fall In Crude Oil Prices, Cairn India Misses Forecast In Third Quarter
In the quarter which ended December 2014, consolidated revenue of the company slumped 12% to Rs 3,5…
BPCL bounces back with Rs. 8,501cr profit in July-Sep 2023 quarter
Bharat Petroleum Corporation Ltd (BPCL) on Friday reported a consolidated net profit for Q2 FY 23-2…
Windfall taxes won't take the wind off Reliance's earnings say experts
"With fuel export tax for refiners being reviewed every fortnight, we see limited impact on RIL's e…
GST Council may consider bringing petrol, diesel under GST on September 17
In June, the Kerala High Court, based on a writ petition, had asked the GST Council to decide…