Tax On Petroleum
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Windfall Tax On Crude Petroleum Cut To Zero
The government on Tuesday slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18.
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Windfall Tax On Crude Petroleum Hiked To Rs 7,000 Per Tonne
The government on Monday hiked the windfall tax on domestically produced crude oil to Rs 7,000 per tonne, from Rs 6,000 per tonne.
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Centre Cuts Windfall Tax On Petroleum Crude, New Rates Effective From Today
India has cut the windfall tax on petroleum crude to 5,700 rupees ($68.34) per metric ton from 8,400 rupees with effect from May 16, according to a notification issued on Wednesday.
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Over 6,300 Fuel Stations Shut In Rajasthan Due To Strike Over High Taxes
More than 6,300 petrol pumps in Rajasthan remained closed from 10 am to 6 pm on Wednesday as part of a strike called by operators against high Value Added Tax (VAT) on diesel and petrol.
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Rajasthan Petrol Pumps To Stay Shut Amid Strike Over Rising VAT Rates
Fuel pumps will remain closed from 10 am to 6 pm on Wednesday and Thursday across the state, as the Rajasthan Petroleum Dealers Association has called for a strike to protest high value-added tax (VAT) rate on fuel.
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"India Insulated Itself From Rising Fuel Prices By Reducing Tax": Minister
The discount on Russian crude oil is not as much now as it used to be in the initial period after the Ukraine conflict began, Oil Minister Hardeep Puri said on Friday.
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Fuel Price Cut Unlikely, Top Official Says Crude Prices Have "Softened"
There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak.
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Finance Minister Nirmala Sitharaman Defends Windfall Tax On Crude, Oil Product Exports
Finance Minister Nirmala Sitharaman on Monday defended the windfall tax on domestically produced crude oil and additional tax on exports of refined petroleum products, saying the levy has been imposed in full consultation with the industry.
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4-Day Work Week Floated To Combat Rising Costs In This Country
Philippine economic managers rejected calls to suspend excise taxes on petroleum products, instead pitching for more subsidies to affected sectors and a shorter work week to cut costs.
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On High Fuel Prices, Minister Says "You Must Have Taken Free Vaccine"
Union Minister of State for Petroleum and Natural Gas Rameswar Teli has compared the rising price of petrol with that of packaged mineral water and said that the price of such water is more.
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Centre Should Cut Its Tax On Fuel: Tamil Nadu Deputy Chief Minister
The centre should come forward to reduce its tax on petroleum products since the resources for state's own tax revenue is meagre, Tamil Nadu Deputy Chief Minister O Panneerselvam told the Assembly on Saturday.
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Petrol And Diesel Price Revision Halts After 21 Days
The continuous revision in the rates of petrol and diesel prices finally came to halt on Sunday after a long run of 21 consecutive days. With no revision in the petroleum products on Sunday, petrol is being retailed at Rs. 80.38 per litre in Delhi. The diesel, on the other hand, costs Rs. 80.40 per litre. Delhi is the only city where diesel is cost...
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Petrol, Diesel Prices Hiked; 21 Days And Counting
The oil companies on Saturday, yet again, revised the fuel prices for the 21st consecutive day resulting in a hike of 25 paise and 21 paise in prices of petrol and diesel respectively. With newly revised prices of petroleum products, the customers in Delhi will have to shed Rs. 80.38 per litre for petrol. And, they will have to pay Rs. 80.40 for a ...
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Imposing Higher Taxes During COVID-19 Lockdown "Cruel": P Chidambaram
Governments must borrow to meet their deficits and not impose higher tax burdens when economic activity has ground to a halt amid the coronavirus pandemic, senior Congress leader P Chidambaram said on Wednesday after the Centre and the Delhi government hiked taxes on petroleum products.
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"PM Like Pickpocket Who Diverts Attention": Rahul Gandhi On Poll Trail
Congress leader Rahul Gandhi today referred to Prime Minister Narendra Modi as a "loudspeaker" for certain industrialists, claiming that his strategy was like that of a pickpocket who diverts people's attention to steal, news agency PTI has reported.
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Windfall Tax On Crude Petroleum Cut To Zero
The government on Tuesday slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18.
-
Windfall Tax On Crude Petroleum Hiked To Rs 7,000 Per Tonne
The government on Monday hiked the windfall tax on domestically produced crude oil to Rs 7,000 per tonne, from Rs 6,000 per tonne.
-
Centre Cuts Windfall Tax On Petroleum Crude, New Rates Effective From Today
India has cut the windfall tax on petroleum crude to 5,700 rupees ($68.34) per metric ton from 8,400 rupees with effect from May 16, according to a notification issued on Wednesday.
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Over 6,300 Fuel Stations Shut In Rajasthan Due To Strike Over High Taxes
More than 6,300 petrol pumps in Rajasthan remained closed from 10 am to 6 pm on Wednesday as part of a strike called by operators against high Value Added Tax (VAT) on diesel and petrol.
-
Rajasthan Petrol Pumps To Stay Shut Amid Strike Over Rising VAT Rates
Fuel pumps will remain closed from 10 am to 6 pm on Wednesday and Thursday across the state, as the Rajasthan Petroleum Dealers Association has called for a strike to protest high value-added tax (VAT) rate on fuel.
-
"India Insulated Itself From Rising Fuel Prices By Reducing Tax": Minister
The discount on Russian crude oil is not as much now as it used to be in the initial period after the Ukraine conflict began, Oil Minister Hardeep Puri said on Friday.
-
Fuel Price Cut Unlikely, Top Official Says Crude Prices Have "Softened"
There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak.
-
Finance Minister Nirmala Sitharaman Defends Windfall Tax On Crude, Oil Product Exports
Finance Minister Nirmala Sitharaman on Monday defended the windfall tax on domestically produced crude oil and additional tax on exports of refined petroleum products, saying the levy has been imposed in full consultation with the industry.
-
4-Day Work Week Floated To Combat Rising Costs In This Country
Philippine economic managers rejected calls to suspend excise taxes on petroleum products, instead pitching for more subsidies to affected sectors and a shorter work week to cut costs.
-
On High Fuel Prices, Minister Says "You Must Have Taken Free Vaccine"
Union Minister of State for Petroleum and Natural Gas Rameswar Teli has compared the rising price of petrol with that of packaged mineral water and said that the price of such water is more.
-
Centre Should Cut Its Tax On Fuel: Tamil Nadu Deputy Chief Minister
The centre should come forward to reduce its tax on petroleum products since the resources for state's own tax revenue is meagre, Tamil Nadu Deputy Chief Minister O Panneerselvam told the Assembly on Saturday.
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Petrol And Diesel Price Revision Halts After 21 Days
The continuous revision in the rates of petrol and diesel prices finally came to halt on Sunday after a long run of 21 consecutive days. With no revision in the petroleum products on Sunday, petrol is being retailed at Rs. 80.38 per litre in Delhi. The diesel, on the other hand, costs Rs. 80.40 per litre. Delhi is the only city where diesel is cost...
-
Petrol, Diesel Prices Hiked; 21 Days And Counting
The oil companies on Saturday, yet again, revised the fuel prices for the 21st consecutive day resulting in a hike of 25 paise and 21 paise in prices of petrol and diesel respectively. With newly revised prices of petroleum products, the customers in Delhi will have to shed Rs. 80.38 per litre for petrol. And, they will have to pay Rs. 80.40 for a ...
-
Imposing Higher Taxes During COVID-19 Lockdown "Cruel": P Chidambaram
Governments must borrow to meet their deficits and not impose higher tax burdens when economic activity has ground to a halt amid the coronavirus pandemic, senior Congress leader P Chidambaram said on Wednesday after the Centre and the Delhi government hiked taxes on petroleum products.
-
"PM Like Pickpocket Who Diverts Attention": Rahul Gandhi On Poll Trail
Congress leader Rahul Gandhi today referred to Prime Minister Narendra Modi as a "loudspeaker" for certain industrialists, claiming that his strategy was like that of a pickpocket who diverts people's attention to steal, news agency PTI has reported.
