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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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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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2 mins read

54th GST Council meeting to take place on September 9 in New Delhi

The 54th GST Council meeting took place on September 9, 2024, in New Delhi to address rate rational…

ANI   


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2 mins read

Gadkari vows to eliminate petrol, diesel vehicles in India, bats for lower tax for hybrid cars

"It is difficult but not impossible. This is my vision," Gadkari said in an interview to PTI. …

PTI   


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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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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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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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2 mins read

Auto stocks recover after Gadkari clarifies his '10% additional GST on diesel vehicles' comment

The auto index, Nifty Auto, recovered from its 400 point or approximately 2.5% fall after ​​Union M…

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2 mins read

Govt hikes windfall tax on domestic crude, reduces levy on export of diesel

As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notificatio…

ANI   


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2 mins read

Windfall tax on diesel export hiked to ₹1 per litre

The government has hiked the windfall profit tax on export of diesel to ₹1 per litre while the levy…

PTI   


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1 min read

Govt removes windfall tax on crude oil production, cuts for diesel

The Central government has slashed windfall tax on crude oil production to zero from Rs 3,500 rupee…

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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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4 mins read

Electrifying auto market: Planning to buy an EV, compare their price with petrol, diesel and CNG variants

Electric Vehicles (EVs) are here to take over the auto market. In the US, this growing trend is clo…

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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   


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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

Windfall profit tax raised on export of diesel, Jet fuel

This was done after a fortnightly review on Wednesday, a Finance Ministry notification said. …

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1 min read

Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

Govt hikes windfall profit tax on export of diesel, ATF; raises tax on domestic crude oil

PTI   


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Will review tax on crude, diesel and ATF every fortnight says Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Friday said the government will review every fortnight the n…

PTI   


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2 mins read

Reliance has to pay ₹6 per litre of petrol & ₹13 for diesel exported as tax — but rising margins may cushion it

India’s new windfall taxes on energy companies will see export-oriented oil refiners like Reliance …