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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   


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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   


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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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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   


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2 mins read

Stocks unlikely to be impacted by windfall tax removal

Windfall tax or the Special Additional Excise Duty (SAED) on domestically produced crude petroleum …

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2 mins read

GST Council meet: No new tax on food delivery apps Swiggy, Zomato

It extended the period of concessional GST rates on certain COVID-related drugs by three mo…

PTI   


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3 mins read

For every ₹100 spent on petrol and diesel in India, ₹70 goes towards taxes

Amid the falling crude prices, the cash-strapped Indian government has increased the excise duty on…

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1 min read

ATF price slashed by 2.3 pc to Rs 1.17 lakh per kilolitre

Jet fuel (ATF) price was on Thursday reduced by 2.3 per cent, reflecting softening international oi…

PTI   


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2 mins read

Assam is making fuel and alcohol cheaper to woo voters ahead of the Assembly Elections in April

The removal of these taxes, this will make petrol and diesel cheaper by ₹5 and the cost of alcoh…

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4 mins read

Petrol price is now past ₹84 in Delhi, over 62% of it is taxes

Petrol prices hit an all-time high today after the state-owned fuel companies hiked the prices once…

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4 mins read

Diesel is now costlier than petrol for the first time in India

In the Capital, diesel is now priced at Rs 79.88 per litre while petrol prices remains at Tuesda…

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3 mins read

Petrol and diesel prices hiked for the 12th time in two weeks

Petrol and diesel prices hiked for the 12th time in two weeks by 40 paise per litre. The prices of …

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3 mins read

Petrol, diesel prices hiked for the ninth time in 10 days

The price of petrol and diesel were hiked again by 80 paise per litre today, March 31, for the nint…

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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

Petrol and diesel prices are rising as states hike tax to cover coronavirus cost⁠— the steepest hike is in Delhi

Yesterday, the Delhi government imposed a 70% fee on the maximum retail price …

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1 min read

Special tax on petrol, diesel to mop up revenue to Exchequer

The notification issued by the Secretary to Finance Shurbir Singh pointed out that the tax would be…

PTI   


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5 mins read

GST had its hits and misses but made ₹1.3 lakh crore monthly tax, the new normal

Under GST, a four-rate structure that exempts or imposes a low rate of tax of 5 per cent on essenti…

PTI   


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1 min read

Petrol price hiked by 40 paise per litre, diesel by 45 paise as fuel prices rise for fourth day in a row

Rates have been increased across the country and vary from state to state depending on the inci…

PTI   


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6 mins read

Inside the furious debate over New York City's new tax on drivers, which New Jersey Democrats are fighting against tooth and nail

Supporters of NYC's new driver tax say the MTA "bungled" the policy roll-out and stoked a massive o…

Eliza Relman   


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3 mins read

Gas prices have hit record highs but don't expect Biden to lower them: 'They already used their biggest bullet'

"Now [the Biden Administration] is in a fairly desperate situation. It may be an impossible task," …

Phil Rosen