Windfall Tax On Diesel Export Hiked To Re 1 Per Litre
The government raised the tax on the export of diesel to Re 1 per litre from Rs 0.50.
Mar 21, 2023, 13:02 PM IST
Iran says oil exports reach highest level since US reimposed sanction in 2018
The Iranian oil Minister claimed that the country`s gas exports have witnessed a year-on-year rise of 15 per cent in the current Iranian calendar year, noting that Iran has raked in $6.5 billion from its liquefied petroleum gas exports since March 2022.
Mar 13, 2023, 08:42 AM IST
Chorus Grows Around Bringing Petrol & Diesel Under GST as FM Sitharaman Puts Ball in State Courts
The 49th meeting of the GST Council is scheduled to be held here in the national capital on February 18, to be chaired by finance minister Sitharaman.
Feb 16, 2023, 15:02 PM IST
Rupee ends as worst-performing Asian currency in 2022: Report
The rupee was also a victim of a rally in oil prices sparked by the Russia-Ukraine conflict, which pushed India's current account deficit to a record high in the September quarter in absolute terms.
Dec 30, 2022, 20:18 PM IST
Non-fossil sources to meet 62 % of India's total energy demand by 2030
According to the power ministry, the country's electricity generation capacity will reach 820 GW by 2030, including more than 500 GW from non-fossil fuel sources.
Dec 16, 2022, 16:56 PM IST
Russia welcomes India's decision to not support G7's price cap on Russian oil
Russian Deputy Prime Minister welcomed India`s decision not to support the price cap on Russian oil, which was imposed on December 5 by the G7 countries and their allies.
Dec 11, 2022, 12:42 PM IST
Russia rejects West-imposed oil price cap; says to respond soon
Russia has repeatedly said it will not supply oil to countries that implement the cap - a stance reaffirmed by Mikhail Ulyanov, Moscow's ambassador to international organisations in Vienna, in posts on social media on Saturday.
Dec 04, 2022, 08:58 AM IST
Baat Pate Ki: Russia rejects Pak's demand to provide subsidized oil
Russia simply refused to give discounted crude oil to Pakistan. A delegation of Pakistani officials had sought 30 to 40 per cent discount on crude oil in talks with Russian officials. But, on the very next day of this conversation, Russia flatly refused to give any kind of discount to Pakistan in crude oil.
Dec 02, 2022, 22:40 PM IST
Deshhit: Moscow refuses to give Pakistan discounted Russian crude oil!
Russia has bluntly told Pakistan that it will not give it cheap crude oil like India. For the second time in two months, a delegation of the Government of Pakistan went to Moscow. There it appealed to the Vladimir Putin government to supply oil to Pakistan at a 40% discount.
Dec 02, 2022, 22:04 PM IST
Baat Pate Ki: India increases oil imports from Russia
Angered by the ongoing war between Russia and Ukraine, many countries of Europe banned the purchase of oil from Russia. After which Russia increased the supply to other countries, including India.
Nov 07, 2022, 22:36 PM IST
Petrol, Diesel Price on October 31: Check latest fuel rates in your city today
Scroll ahead to find out today's fuel rates in your city.
Oct 31, 2022, 09:39 AM IST
Petrol-Diesel Price today, October 4, 2022: Check today's petrol and diesel rates in your city
Oil Marketing Companies(OMCs) like Indian Oil, Bharat Petroleum, and Hindustan Petroleum update petrol and diesel price in different cities every morning based on foreign exchange rates and international benchmark prices. However, the price of petrol and diesel has remained unchanged for a long time.
Oct 04, 2022, 09:41 AM IST
Petrol-Diesel Price today, October 3, 2022: Check today's petrol and diesel rates in your city amid crude oil prices picked up pace
The downward trend in the price of crude oil for some time is put under control. There is an up mark in the price of crude oil on Monday morning.
Oct 03, 2022, 09:06 AM IST
Govt cuts WINDFALL profit tax on domestic crude oil; scraps LEVY on jet fuel
The tax at the rate of Rs 5 a litre on Aviation Turbine Fuel (ATF) exports was scrapped with effect from October 2, according to a finance ministry notification issued late Saturday night. The reduction in the tax rates follows the easing of crude oil prices in international markets.
Oct 02, 2022, 12:26 PM IST
Windfall tax cut on oil producers expected; hike in levy on ATF, diesel exports surprising: Analysts
At the third fortnightly review, the government has increased the windfall profit tax on the export of diesel to Rs 7 per litre from Rs 5 a litre and brought a Rs 2 a litre tax on ATF exports.
Aug 19, 2022, 16:28 PM IST
DNA: Analysis of Jaishankar's 'Nation First' Policy
External Affairs Minister S Jaishankar said that India is not a very rich country like America, nor is the per capita income of Indian people very high. That's why we will buy the goods from where we can get it cheaper. Addressing the Indian community in Bangkok, Thailand's capital, the External Affairs Minister has spoken about crude oil imports from Russia.
Aug 18, 2022, 00:14 AM IST
Govt cuts windfall tax on diesel, ATF export; raises levy on domestic crude oil
The tax on domestically produced crude oil was hiked to Rs 17,750 per tonne from Rs 17,000, a move that will hit producers like ONGC and Vedanta Ltd.
Aug 03, 2022, 13:17 PM IST
Rupee vs Dollar: Rupee falls 27 paise to 78.80 against USD in early trade
Experts said foreign portfolio investor (FPI) flows have turned around in domestic equities and Crude oil prices have also been steady. This has reduced pressure on the rupee.
Aug 03, 2022, 10:18 AM IST
IOC sold petrol at Rs 10 a litre loss, diesel at Rs 14; firm posts first quarterly loss in 2 years
Indian Oil Corporation sold petrol at a loss of Rs 10 per litre and diesel at Rs 14 a litre during April-June.
Jul 31, 2022, 15:08 PM IST
Govt slashes windfall tax on fuel export, domestic crude oil
While the Rs 6 a litre export duty on petrol was scrapped, the tax on the export of diesel and jet fuel (ATF) was cut by Rs 2 per litre each to Rs 11 and Rs 4 respectively, government notifications showed.
Jul 20, 2022, 13:25 PM IST