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  • ONGC wants government to scrap windfall tax, $10 gas price Sep 18, 2022 02:02 PM IST

    ONGC wants government to scrap windfall tax, $10 gas price

    As per the extant guidelines, ONGC pays a minimum annual dividend of 30 per cent of net profit or 5 per cent of the net worth, whichever is higher.

  • Govt reduces windfall tax on crude oil to Rs 10,500 from Rs 13,000/tonne Sep 16, 2022 09:44 PM IST

    Govt reduces windfall tax on crude oil to Rs 10,500 from Rs 13,000/tonne

    Additionally, government has also reduced tax on export of diesel and ATF

  • BPCL divestment is not on the table right now: Hardeep Singh Puri Sep 15, 2022 12:38 PM IST

    BPCL divestment is not on the table right now: Hardeep Singh Puri

    "BPCL is doing well now, divestment is not on the table right now," the minister said.

  • New UK Prime Minister Liz Truss rules out windfall tax Sep 07, 2022 10:05 PM IST

    New UK Prime Minister Liz Truss rules out windfall tax

    "I am against a windfall tax. I believe it is the wrong thing to be putting companies off investing in the United Kingdom," Truss told lawmakers, adding she would announce more details on Thursday.

  • Fuel exporters see their stocks on the edge after Centre raises windfall tax Sep 01, 2022 11:08 AM IST

    Fuel exporters see their stocks on the edge after Centre raises windfall tax

    The government has raised the windfall profit tax on the export of diesel to Rs 13.5 a litre and the levy on ATF has been increased to Rs 9 a litre

  • Windfall tax cut on oil producers expected; hike in levy on ATF, diesel exports surprising: Analysts Aug 19, 2022 03:35 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.

  • Govt reviews windfall gains tax, cuts cess on crude; OMC trade mixed Aug 18, 2022 10:17 PM IST

    Govt reviews windfall gains tax, cuts cess on crude; OMC trade mixed

    The cess on crude oil was reduced from Rs 17,750 per tonne to Rs 13,000/tonne

  • Govt likely to cut windfall gain tax in third fortnightly review Aug 18, 2022 02:46 PM IST

    Govt likely to cut windfall gain tax in third fortnightly review

    The Centre in July eliminated a levy on gasoline exports and cut windfall taxes on other fuels less than three weeks after they were imposed.

  • Reliance, Nayara face windfall profit tax on local supplies alongside exports Aug 14, 2022 11:13 AM IST

    Reliance, Nayara face windfall profit tax on local supplies alongside exports

    The government on July 1 levied Rs 13 per litre additional excise duty on diesel exported out of India.

  • Fuel Prices Today on August 5: Check petrol, diesel rates in Delhi, Mumbai, and other cities Aug 05, 2022 08:06 AM IST

    Fuel Prices Today on August 5: Check petrol, diesel rates in Delhi, Mumbai, and other cities

    Petrol in Mumbai is being sold for Rs 106.31 per litre and diesel for Rs 94.27. Petrol in Delhi costs Rs 96.72 and diesel Rs 89.62 a litre. Petrol and diesel are priced at Rs 102.63 and Rs 94.24 in Chennai and at Rs 106.03 and Rs 92.76 in Kolkata respectively.

  • Fuel Prices Today on August 3: Check petrol, diesel rates in Delhi, Mumbai, and other cities Aug 03, 2022 07:50 AM IST

    Fuel Prices Today on August 3: Check petrol, diesel rates in Delhi, Mumbai, and other cities

    Petrol in Mumbai is being sold for Rs 106.31 per litre and diesel for Rs 94.27. Petrol in Delhi costs Rs 96.72 and diesel Rs 89.62 a litre. Petrol and diesel are priced at Rs 102.63 and Rs 94.24 in Chennai and at Rs 106.03 and Rs 92.76 in Kolkata respectively.

  • Windfall tax hiked on petroleum crude, lowered on diesel, ATF exports Aug 02, 2022 11:37 PM IST

    Windfall tax hiked on petroleum crude, lowered on diesel, ATF exports

    The export tax on petroleum crude has been increased from Rs 17,000 to Rs 17,750 per tonne

  • Fuel Price today on August 1: Check petrol, diesel rates in Delhi, Mumbai, and other cities Aug 01, 2022 07:40 AM IST

    Fuel Price today on August 1: Check petrol, diesel rates in Delhi, Mumbai, and other cities

    Petrol in Mumbai is being sold for Rs 106.31 per litre and diesel for Rs 94.27. Petrol in Delhi costs Rs 96.72 and diesel Rs 89.62 a litre. Petrol and diesel are priced at Rs 102.63 and Rs 94.24 in Chennai and at Rs 106.03 and Rs 92.76 in Kolkata respectively.

  • Fuel Prices on July 26: Check petrol, diesel rates in Delhi, Mumbai, and other cities Jul 26, 2022 07:43 AM IST

    Fuel Prices on July 26: Check petrol, diesel rates in Delhi, Mumbai, and other cities

    The government scrapped a three-week-old tax on the export of petrol and cut windfall taxes on overseas shipments of diesel and ATF as well as on domestically produced crude oil after global oil prices fell.

  • Fuel Prices On July 21: Check petrol, diesel rates in Delhi, Mumbai and other cities Jul 21, 2022 08:24 AM IST

    Fuel Prices On July 21: Check petrol, diesel rates in Delhi, Mumbai and other cities

    After a VAT cut by the Maharashtra government, petrol in Mumbai is being sold for Rs 106.31 per litre and diesel for Rs 94.27.

  • Expect fiscal slippage of 0.4% in FY23: Nomura Jul 20, 2022 09:36 PM IST

    Expect fiscal slippage of 0.4% in FY23: Nomura

    Nomura said the reversal makes it maintain the earlier projection for a 0.4 per cent fiscal slippage over the budgetary target of 6.4 per cent for FY23.

  • Windfall tax on fuel export, domestic crude oil cut; Reliance stock rises Jul 20, 2022 05:35 PM IST

    Windfall tax on fuel export, domestic crude oil cut; Reliance stock rises

    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.

  • Explained: Why India reduced windfall tax on diesel, aviation fuel and scrapped levy on petrol Jul 20, 2022 05:09 PM IST

    Explained: Why India reduced windfall tax on diesel, aviation fuel and scrapped levy on petrol

    A significant correction in global crude oil prices and subsequent correction in gross refining margin (GRM) resulted in erosion of gains being made by these companies and prompted the government to ease the levies.

  • Sensex, Nifty surge over 1% after government eases taxes on fuel Jul 20, 2022 10:54 AM IST

    Sensex, Nifty surge over 1% after government eases taxes on fuel

    The elimination of taxes came less than three weeks after they were imposed, offering relief for Reliance Industries Ltd and OIl and Natural Gas Corp.

  • ONGC and Reliance to roar after windfall tax cut: Morgan Stanley Jul 20, 2022 10:03 AM IST

    ONGC and Reliance to roar after windfall tax cut: Morgan Stanley

    "The two should imply 25-40 percent upside to equities as energy markets are expected to remain tight despite current volatility in oil and reduction in global fuel margins from peak levels,” said Morgan Stanley.

  • Government eases windfall tax on fuel shipments and crude output, kills gasoline export levy Jul 20, 2022 06:29 AM IST

    Government eases windfall tax on fuel shipments and crude output, kills gasoline export levy

    The step offers relief for top fuel exporter Reliance Industries and top crude explorer Oil & Natural Gas Corp.

  • Windfall tax review more likely than expected after sharp fall in global crude oil prices Jul 13, 2022 02:23 PM IST

    Windfall tax review more likely than expected after sharp fall in global crude oil prices

    In a surprise move, the government on July 1 slapped export duties on petrol and ATF (Rs 6 per litre or USD 12 per barrel) and diesel (Rs 13 a lire or USD 26 a barrel) and imposed a windfall tax on domestic crude production (Rs 23,250 per tonne or USD 40 per bbl).

  • Moneycontrol Pro Panorama | Oil sizzles, governments bat for the masses Jul 04, 2022 05:30 PM IST

    Moneycontrol Pro Panorama | Oil sizzles, governments bat for the masses

    In today’s edition of Moneycontrol Pro Panorama: Fed’s dilemma, BJP’s masterstroke, litmus test awaits ONDC, the Eastern Window and more

  • Moneycontrol Selects: Top stories this afternoon Jul 04, 2022 01:53 PM IST

    Moneycontrol Selects: Top stories this afternoon

    Our specially curated package of the most interesting articles of the day will help you stay at the top of your game.

  • The windfall tax takes the wind out of the oil sector  Jul 04, 2022 11:36 AM IST

    The windfall tax takes the wind out of the oil sector 

    These duties will help boost the central government’s finances and offset losses from excise duty cuts on petrol and diesel 

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