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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…
3 mins read
A shocking new study has found that EV buyers still have bigger carbon footprints than petrol vehicle owners — here’s why
A Finnish study has revealed that EV owners often have higher carbon footprints due to their wealth…
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
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
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…
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
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…
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
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…
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
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. …
1 min read
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
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…
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 …
1 min read
Govt cuts windfall tax on diesel, ATF exports but raises levy on domestic crude
The government on Tuesday evening cut the windfall tax on diesel and ATF in line with softening int…
PTI
2 mins read
Pakistan's petrol, diesel prices continue to surge amid social unrest
Rupees (PKR) taking the price past 300 PKR, Geo News reported on Friday. The Finance Division said …
ANI
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
1 min read
Petrol prices cut by ₹8 per litre in Delhi
New rates will come into effect from midnight. This decision came after Chief Minister Arvind…
2 mins read
IOC Q2 net profit jumps to Rs 12,967 cr; half yr profit tops best-ever full-year earning
State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net p…
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/…