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India Reduces Windfall Tax on Crude Oil to Rs 3,250 per Tonne

India Reduces Windfall Tax on Crude Oil to Rs 3,250 per Tonne

India lowers windfall tax on domestic crude oil to Rs 3,250 per tonne, retaining nil SAED on diesel, petrol, and jet...

15 Jun 2024 7:00 PM IST

With the Russia-Ukraine war getting prolonged, New Delhi has been looking at ways to soften the blow that it received in the form of three-digit crude oil price. (Representational image: Twitter)

Govt hikes windfall tax on crude oil, reduces tax on diesel and...

New Delhi: Amid the wide speculation of a cut in petrol and diesel prices in the country soon, the Centre has announced...

2 Jan 2024 1:22 PM IST

The American Petroleum Institute reported on Wednesday an unexpected drop in crude stockpiles by 541,000 barrels in the week to November 8.

Centre slashes windfall tax on fuel exports

Chennai: In line with softening international oil prices, the Centre has cut windfall tax on profits made from the...

17 Feb 2023 10:50 AM IST

With the Russia-Ukraine war getting prolonged, New Delhi has been looking at ways to soften the blow that it received in the form of three-digit crude oil price. (Representational image: Twitter)

Windfall profit tax hiked on domestically produced crude oil

New Delhi: In line with international oil prices, the Centre has raised the windfall profit tax levied on...

6 Feb 2023 12:01 PM IST

With the Russia-Ukraine war getting prolonged, New Delhi has been looking at ways to soften the blow that it received in the form of three-digit crude oil price. (Representational image: Twitter)

Centre cuts windfall tax on domestic crude oil

The government has also cut the rate on export of diesel to Rs 5 per litre from Rs 8 per litre

16 Dec 2022 12:24 PM IST