Today news
About the same in other media
India cuts windfall tax on petroleum crude to ₹5,700 per metric ton from today
Reading now: 455
petroleum crude to ₹5,700 per metric ton from ₹8,400 with effect from May 16, Reuters reported. As per a notification from the government on May 15, there is no change in windfall tax for diesel and aviation turbine fuel (ATF), it added.
The tax is revised every two weeks, and was similarly cut only for petroleum crude to ₹8,400 a metric ton from ₹9,600. India started the tax on crude oil producers and on exports of gasoline, diesel and aviation fuel in July 2022 to regulate private refiners who wanted to sell fuel overseas instead of locally in a bid to gain from robust refining margins.
Read more on livemint.comAbout this in other media
Goldman Sachs raises India’s GDP growth forecast to 6.7% for 2024; expects RBI repo rate cut in December quarter livemint.com /5 months ago
Ztech India IPO price band set at ₹104 - 110 per share; issue to open on May 29 livemint.com /5 months ago
Large parts of India swelter under intense heat, 37 cities record temperatures over 45 deg C economictimes.indiatimes.com /5 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
