crude oil windfall tax

Reuters | | Posted by Singh Rahul Sunilkumar India has cut its windfall tax on crude oil and exports of aviation turbine fuel and diesel, according to a government notification dated February 15.Windfall tax on crude was cut to 4,350…

The government on Wednesday hiked windfall tax on domestically produced crude oil while reducing the rate on export of diesel.The tax on crude oil produced by firms such as state-owned Oil and Natural Gas Corporation (ONGC), was hiked to Rs…

The government on Tuesday cut windfall tax on domestically produced crude oil while increasing the rate on export of diesel and jet fuel (ATF) in line with rise in international oil prices.The tax on crude oil produced by firms such as…

The government on Saturday hiked windfall tax on domestically produced crude oil by more than a third while doubling the rate on export of diesel and re-introducing the levy on overseas shipment of jet fuel (ATF) in line with rise in…

The central government has decreased the windfall profit tax on locally-produced crude oil in line with a fall in international rates, and reduced the levy on export of diesel and jet fuel (ATF). The new rates have come into effect from…

Windfall Profit Tax on Export of Diesel Hiked: The government recently has increased the windfall profit tax on the export of diesel to Rs 13.5 per litre and that on jet fuel exports to Rs 9 per litre. The levy on domestically-produced…

Windfall Tax on Diesel, ATF Exports Increased: The government has once again revised the newly-introduced windfall tax levied on crude oil, diesel and Aviation Turbine Fuel (ATF). According to a government notification issued on Thursday,…

The government on Thursday hiked the windfall profit tax on the export of diesel to ₹7 per litre and brought back a tax on jet fuel exports, but slashed the levy on domestically produced crude oil in line with softening rates.At the third…

Domestic producers will now pay a cess of Rs 23,250 per tonne on crude oil as a windfall tax. After the decision was announced on Friday, shares of oil refining and marketing companies saw a decline as their earnings are going to be hit by…