Govt scraps windfall tax on petrol, diesel exports

Govt scraps windfall tax on petrol, diesel exports; big relief for Reliance, ONGC
The government has abolished the windfall tax on aviation turbine fuel, crude products, petrol, and diesel after extensive deliberations. This decision is a relief for oil giants like Reliance and ONGC.
Govt Scraps Windfall Tax On Crude, ATF, Petrol, And Diesel
The windfall tax, introduced in July 2022, was designed to capture extraordinary gains made by producers amid surging global crude oil prices
Windfall tax on aviation fuel, petrol and diesel scrapped. How does this impact you, firms and economy?
Imposed in July 2022, the windfall tax—formally known as Special Additional Excise Duty (SAED)—was introduced during a surge in global crude oil prices triggered by the Russia-Ukraine conflict.
India scraps windfall tax on crude products, aviation fuel, petrol, diesel exports
India has scrapped a windfall tax on crude products, aviation turbine fuel, and petrol and diesel exports, a government order said on Monday. Reuters reported on Thursday, citing a federal government source,
Windfall gains tax on oil production, diesel-petrol export removed: The impact, explained
Windfall gains tax” referred to cesses imposed on fuel exports and domestic crude oil production to tax super-normal profits of fuel exporters and oil producers. Here is what its removal may signal from the government.
Govt scraps windfall tax on local crude sales, petroleum product exports
The finance ministry has taken a series of steps signaling a shift in response to declining global oil prices and market conditions.
India's finance ministry evaluating removal of windfall tax, govt source says
India's finance ministry is evaluating the relevance of windfall tax, a federal government source said on Thursday.
Govt scraps windfall profit tax on domestic crude oil, export of fuels
Government scraps windfall profit tax on crude oil and fuel exports due to declining international oil prices.
ONGC, Oil India, Reliance share price rise: Upsteam oil producers to benefit most from windfall tax being scrapped
Oil and Natural Gas Corporation , Oil India, Reliance Industries among othes saw their share price rise up to 3% durng the intaday trades on Tuesday. The removal of Windfall tax by the government is l
Government scraps windfall tax on crude, petrol, diesel exports
The government has revoked the windfall tax on crude oil and fuel exports, responding to industry demands amid falling international oil prices.
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Windfall Tax On Oil And Fuel Exports Withdrawn After 2.5 Years As International Energy Prices Stabilise
The government has officially withdrawn the windfall gains tax—imposed as a Special Additional Excise Duty (SAED) on crude ...
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