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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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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 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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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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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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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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Oil India's Q2 net profit drops 81% on tax provisioning

State-owned Oil India Ltd's second quarter net profit dropped 81 per cent on a one-time provisioni…

PTI   


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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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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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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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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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ONGC Q2 Results: Profit drops 30% to ₹12,826 crore as govt levies windfall tax

Profit fell 15.6 per cent over the preceding June quarter when it had reported Rs 15,205.85 cro…

PTI   


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BPCL shares rally 5% after earnings announcement

On the NSE, it climbed 5 per cent to Rs 621.95. BPCL on Thursday reported a 30 per cent fa…

PTI   


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BPCL swings to profit of ₹10,644 cr in Q1 aided by freeze on retail selling prices

The consolidated net profit of ₹ 10,644.30 crore in April-June (first quarter of current 2023-24 f…

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India Inc might see margin squeeze with a crude shock at hand

Since the start of September, Brent crude has risen from $85 per barrel to $92 a barrel approximate…

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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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Rupee rises 15 paise to 81.65 against US dollar in early trade

The Indian rupee gained 15 paise against the US dollar to reach 81.65 in early trade, supported by …

PTI   


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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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Biden's threatened windfall tax on oil company profits could backfire and drive up crude prices, Larry Summers warns

"I think it would discourage investment in oil, which ultimately mean higher oil prices," former Tr…

Zahra Tayeb