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  Windfall tax on crude petroleum slashed to zero by govt, effective from September 18

  Business | September 17, 2024 23:45 IST

  The Indian government has reduced the windfall tax on domestically produced crude oil to zero, effective September 18. Previously set at Rs 1,850 per metric ton, the cut comes amid a drop in global oil prices and could lead to lower petrol and diesel costs.

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  Daily revision of petrol and diesel prices across India starting June 16

  June 08, 2017 16:20 IST

  Oil marketing companies are set to dump the current mechanism of fixing petrol and diesel prices on a fortnightly basis and instead move to a new mechanism across the nation from the second fortnight of this month

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  Jaya asks Modi to put an end in fuel policy adopted by OMCs

  India | July 31, 2014 23:28 IST

  Chennai: Tamil Nadu Chief Minister J Jayalalithaa today requested Prime Minister Narendra Modi to put a “full stop” to the monthly increase in diesel price by oil marketing companies introduced during the previous UPA regime.Seeking

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  'Re rally may not sustain as dollar demand from oil cos rise'

  December 09, 2013 21:06 IST

  Mumbai: Although the rupee gave a thumbs up to the assembly poll results, market observers say that the rally is likely to be short-lived as higher US dollar demand from oil marketing companies (OMCs) weigh.Bankers