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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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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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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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Russian diesel exports hit record highs as the sanctioned fuel cuts into the US market share

Brazil has seen a dramatic uptick in Russian diesel imports this year, displacing American supplies.

Phil Rosen   


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Russia undermines its pledge to OPEC+ as crude oil and fuel exports jump

Despite Moscow's pledges to curb exports, Russia's energy outflows have boomed in recent weeks.

Filip De Mott   


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Russia's oil exports are climbing near 4-month highs despite big production cuts

Moscow's crude exports climbed higher in the last four weeks despite earlier its move to slash its …

Jennifer Sor   


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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   


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China isn't interested in ramping up fuel exports amid global energy crunch as Beijing calls for 40% lower quotas for refiners

China has issued 22.5 million tons of fuel exports for 2022, down from around 37 million tons in 20…

Phil Rosen   


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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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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 …

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Passenger vehicle exports from India rise 15% in FY23; Maruti Suzuki leads segment

Passenger vehicle exports from India rose 15 per cent in FY23 with Maruti Suzuki India leading the …

PTI   


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Indians must brace for a further rise in petrol and diesel prices as crude oil scales a 2-year high

Fuel prices in India are already near record highs. West Texas Intermediate (WTI) crude als…

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4 mins read

America is facing a dramatic diesel shortage that could get even worse

A top oil analyst broke down the worsening fuel shortage in the US and how markets could respond in…

Phil Rosen   


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Petrol and diesel prices hiked for the third time this week in India

The fuel prices have been hiked again this week by 80 paise per litre. Both petrol and diesel price…

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Russian diesel has been sitting in Sudan waters for over 2 weeks because Moscow can't find buyers

The Adamas I ship, which stacked Russian diesel-type cargoes in late January, has been stuck in Nor…

Zahra Tayeb   


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Russia is selling record amounts of crude oil to India to plug the gap in its energy exports after the EU ban

Indian imports of Russian oil hit a record 1.2 million barrels a day in December, and 1.3 million b…

Jennifer Sor   


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Russian oil is getting transferred in the high seas for the first time as wary buyers try to avoid affiliation with Moscow

Wary traders have attempted to avoid affiliation with Moscow through blurring the origins of crude …

Phil Rosen   


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Saudi Arabia oil exports soared to the most since 2016 in Q1 thanks crude prices above $100 a barrel and higher production

The General Authority for Statistics said Saudi Arabia's oil exports reached nearly $35 billion in …

Zahra Tayeb   


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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…

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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