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2 mins read
Duty hike on crude, refined oils to hugely benefit farmers: Official
The government official also said that the decision to remove minimum export price and slashing of …
PTI
4 mins read
Headroom to cut petrol and diesel prices by ₹2-3 per litre: Icra
A reduction in crude oil prices in recent weeks has improved margins on retail auto fuels, providin…
1 min read
India slashes windfall tax on crude petroleum
The central government has reduced windfall tax on crude petroleum, according to a government notif…
ANI
2 mins read
India's vegetable oils import up 16% in 2022-23 oil year
India's vegetable oils import rose 16% to 167.1 lakh tonnes in the current oil year that ended in O…
PTI
1 min read
Govt hikes windfall tax on crude petroleum, cuts levy on diesel
The government has hiked windfall tax on domestically produced crude oil to Rs 4,600 per tonne from…
PTI
3 mins read
Cooking oils are getting cheaper but healthier options are as pricier as they were
Indian consumers are switching to unhealthy oils as healthier options keep getting costlier due to …
1 min read
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
1 min read
Govt cuts windfall tax on domestic crude, export of diesel, ATF
The government on Tuesday cut special additional excise duty (SAED) on crude petroleum to Rs 9,050/…
PTI
2 mins read
Govt hikes windfall profit tax on crude oil, cuts levy on diesel exports
The government on Tuesday increased the windfall profit tax on crude oil produced in the country an…
PTI
3 mins read
Adani Wilmar cuts Fortune oil’s price for the second time, by ₹20
Fortune Oil’s Soyabean Oil, Sunflower Oil, Mustard Oil, Rice Bran Oil will get cheaper by up to ₹5-…
2 mins read
Edible oil price slash will bring back rural consumers who downtraded to unpacked products
Indian consumers, especially in rural areas, have been buying and using less of edible oil after it…
2 mins read
No festival cheer ahead for Fortune Oil’s rural sales, says Adani Wilmar CEO
“Demand in the first quarter has not grown. It has actually shrunk because of the very high pric…
3 mins read
Biscuits, ghee and hair oil to get cheaper after government duty cut — but after three months
The Indian government’s decision to allow duty-free import of crude soybean oil and sunflower oil, …
3 mins read
Cooking oil prices drop - soaps, noodles and detergents might follow suit
One of India’s top FMCG companies, Adani Wilmar reduced the prices of one of the priciest of grocer…
5 mins read
Adani Wilmar’s Angshu Mallick on edible oil prices, rural consumption patterns and outlook for Q2FY23
FMCG major Adani Wilmar announced its quarterly results recently. Its earnings reflect how rural co…
2 mins read
After fuel, government moves to reduce the price of edible oil by ₹15/litre
In view of the international prices of imported edible oils seeing a downward trend, the Centre has…
1 min read
Expect $100 to be the new normal for oil prices thanks to production cuts, higher interest rates, and lack of investment, JPMorgan energy analyst says
Oil prices could see a new normal around $100 a barrel thanks to a trifecta of production cuts, hig…
Zahra Tayeb
1 min read
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
3 mins read
Indian government is softening the inflation blow with export bans, duty cuts and subsidies
The CPI inflation touched an eight-year high in April, at 7.79%. The rising inflation will not come…
4 mins read
Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on…