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News
oil export
Oil export News
Crude Oil
03 Aug 2022
Gov 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.
Crude Oil
20 Jul 2022
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.
Crude Oil
05 Jul 2022
New taxes to hurt disinvestment plans, corporate profits, investment climate
In a research report, Kotak Securities said the bulk of the recent earnings downgrades are largely because of the export taxes on steel, diesel, petrol and additional excise duty on crude oil and hoped that such measures are for a short term and do not extend to other sectors.
Crude Oil
04 Jul 2022
Govt to review oil export, windfall tax based on forex rate
Revenue Secretary Tarun Bajaj said the USD 40 per barrel level of oil prices being talked about for a rollback of the levy is unrealistic, considering the international oil rates currently.
OPEC
19 Apr 2017
OPEC 'optimistic' oil output cuts leading to price recovery
OPEC members agreed in November to cut production by 1.2 million barrels per day for six months beginning from the start of the year.
Iran
15 Feb 2016
Iran`s first post-sanctions oil exports to Europe begin
Iran is poised to export its first oil shipments to Europe since international economic sanctions were lifted in mid-January, the oil ministry`s SHANA news service reported on Monday.
Gulf
17 Jan 2016
Gulf shares slide on oil rout, Iran's return
Share prices in the energy-rich Gulf states nosedived Sunday following the sharp decline in oil prices and the expected rise in Iranian crude exports after the lifting of economic sanctions.
Iran
17 Jan 2016
Iran to boost oil exports by 500,000 bpd after sanctions: Shana
Iran is ready to increase its crude oil exports by 500,000 barrels a day, the deputy oil minister said on Sunday, hours after international sanctions on Tehran were lifted, removing an obstacle to exports.
United States
19 Dec 2015
Now, India can import oil from US: Know why
The United States on Saturday lifted a 40-year-old ban on export of oil.
Cairn
16 Aug 2015
Cairn seeks oil swaps to get higher margins
Sources close to the company said Cairn India has sought government approval for a tripartite agreement wherein Barmer crude oil will go to the international market where it will get better price than the ones realised locally.
Cairn
10 Jun 2015
Cairn India seeks to export oil despite ban
Cairn India, backed by billionaire Anil Agarwal, did not respond to telephone calls and an email seeking comment about the export notice.
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