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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   


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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   


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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…

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3 mins read

Budget 2024 Expectations: FAME scheme, aid for vehicle scrapping and other expectations of the auto industry

The auto industry eagerly awaits Budget 2024 with expectations like FAME 3 scheme, incentives for h…

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2 mins read

Levies on on petrol, diesel jump even as crude remains below $80/bbl

The government's revenue generation through levy of excise duty saw a growth of 126 per cent bet…

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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   


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4 mins read

Gone with the windfall tax: ONGC loses a fifth of its market value

State-run oil and natural gas explorer ONGC lost a fifth of its value in just a week after the Indi…

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1 min read

Chidambaram triggers state vs center revenue debate after govt's excise cut on fuel

Senior Congress leader P Chidambaram on Sunday wondered whether the states can afford to give up re…

PTI   


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3 mins read

Indian government has cut duties on petrol and diesel and other BJP-ruled states follow suit

Read more for fall in price of petrol and diesel prices in different states.

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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…

PTI   


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2 mins read

The excise duty on petrol rises by ₹10 and on diesel by ₹13 starting May 6

However, the notification clarified that the retail price of fuels won't rise to avoid hurting t…

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1 min read

Petrol and diesel get more expensive in Odisha as government hikes value-added tax

The Odisha government has hiked Value Added Tax (VAT) on petrol from 26 per cent to 32 per cent and…

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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   


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3 mins read

Petrol and diesel prices may not ease anytime soon as Nirmala Sitharaman rules out a cut in excise duty

Petrol and diesel as well as cooking gas and kerosene were sold at subsidised rates during the …

PTI   


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2 mins read

The hike in excise duty on petrol and diesel is good news for these two companies

The rise in the price of petrol and diesel might force many consumers towards Compressed natural…

PTI   


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2 mins read

Govt hikes excise duty on petrol by record Rs 10, diesel by Rs 13

New Delhi, May 5 () The government on Tuesday evening hiked excise duty by a record Rs 10 per litr…

PTI   


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1 min read

Petrol and diesel should come under GST, says industry body Assocham

Petroleum products should be brought under the Goods & Services Tax (GST) ambit, according to i…

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1 min read

Govt hikes excise duty on petrol by Rs 10/L, diesel by Rs 13/L

Last month, benchmark Brent crude oil dropped to as low as USD 18.10 per barrel - the lowest since…

PTI   


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4 mins read

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