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News
Windfall Tax
Windfall Tax News
Petrol
12 Sep 2024
Petrol, Diesel May Become Cheaper? Petroleum Secy Hints At Good News
The Petroleum Secretary also said that government is mulling removal of windfall tax, stating that India's oil ministry is in talks with the finance ministry regarding the same.
Windfall Tax
01 May 2024
Govt Cuts Windfall Tax On Crude Oil, ONGC, OIL India Ltd To Gain
Upstream oil exploration and production companies ONGC and Oil India Ltd stand to gain as they will have to pay a lower tax on their crude.
LPG price
01 Oct 2023
Higher Windfall Tax On Crude Oil Kicks In As Prices Soar To $95 Barrel
The tax helps the government to raise more resources to subsidise the prices of LPG and CNG for consumers.
Windfall Tax
15 Aug 2023
Windfall Tax On Crude, Diesel, Jet Fuel Hiked; New Rates Applicable From Today
India had first imposed windfall profit taxes on July 1, 2022, joining a growing number of nations that tax the supernormal profits of energy companies.
Windfall Tax
01 Aug 2023
Higher Rates On Windfall Tax On Crude Petroleum, Diesel Applicable From Today
Government revises windfall tax on these commodities on a fortnightly basis.
Windfall Tax
04 Apr 2023
Windfall Tax On Domestic Crude Oil Cut To Zero, On Export Of Diesel Halved
Alongside, the government cut the tax on the export of diesel to Rs 0.50 per litre from Re 1.
Windfall Tax
21 Mar 2023
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.
Windfall Tax
16 Dec 2022
Govt cut Windfall profit tax on crude oil & diesel; Will fuel rates come down?
The order is dated December 15. The new tax rates are effective from today, December 16. India first imposed windfall profit taxes on July 1.
Windfall Tax
19 Aug 2022
Windfall tax cut on oil producers expected
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.
Windfall Tax
01 Jul 2022
Export tax imposed on crude to check profits made at expense of supplies: FM
Windfall tax records will be reviewed every fortnight India is facing difficulty in getting crude oil from abroad at an affordable price Rs 23,250 per tonne tax was levied on crude oil produced domestically
petrol price
24 May 2018
Government may levy windfall oil tax on ONGC to soften fuel prices
The tax, which may come in form of a cess, will kick in the moment oil prices cross USD 70 per barrel, sources privy to the development said.
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