Tag: crude oil
Govt scraps windfall tax on domestic crude, petrol and diesel exports
Dec 02, 2024 08:36 PM IST On Monday, the revenue department rescinded the June 30, 2022 notification that levied windfall tax due to decline in…
Government scraps windfall tax on petrol, diesel, and aviation fuel exports
The government has scrapped windfall tax on Aviation Turbine Fuel (ATF), crude products, petrol and diesel products on Monday, December 2, 2024, after months of…
Nirmala Sitharaman & Co said to be evaluating windfall tax
India’s finance ministry was evaluating the relevance of windfall tax, a federal government source said on Thursday. The federal finance ministry will evaluate scrapping windfall…
crude oil: India’s Russian oil imports rise 11.7% in September, data shows
India’s crude oil imports from Russia rose by 11.7% to about 1.9 million barrels per day (bpd) in September, accounting for about two-fifths of the…
Windfall tax: Government scraps windfall tax on crude oil
The government of India on Tuesday announced the scrapping of windfall tax on crude oil from Rs 1,850 per tonne. This will be effective from…
Crude, natural gas drag July core growth to 6.1%
India’s core sector, comprising eight major industries, grew 6.1% in July, higher than 5.2% in the previous month, official data showed Friday. The core sector…
Iranian Oil: Abundant, cheap Iranian oil supply to cap Russian prices in China – sources
SINGAPORE: Rising prices of a popular Russian crude sold to China are poised to peak soon as more independent refiners are likely to switch to…
ONGC’s Q1 net profit falls 34% on lower oil prices and output
The net profit of Oil and Natural Gas Corporation (ONGC) fell over 34 per cent in June quarter on decline in oil prices and lower…
Saudi Arabia’s Aramco Q2 profit drops 40% due to lower oil prices
Saudi Arabia’s state-run oil giant Aramco made $30 billion in profit in the second quarter, a nearly 40% decline from the same period the previous…
First shipment of discounted Russian crude oil arrives in Karachi: Pak PM Shehbaz Sharif
ISLAMABAD: The first shipment of discounted Russian crude oil has arrived at the port city of Karachi, Pakistan Prime Minister Shehbaz Sharif announced on Sunday,…