Windfall levy on domestically produced crude raises a bit, lowered on export of diesel, ATF
The Finance Ministry has raised the windfall profit tax levied on domestically-produced crude oil but lowered it on the diesel exports and ATF, in line with international oil prices. Also, it has removed the road and infrastructure cess on diesel marked for exports.Effective March 04, the levy on crude oil produced by companies such as […]
Rising domestic demand for diesel may impact exports by private refiners
India’s growing consumption of diesel—the mainstay of transport and industry sectors—is expected to adversely impact export of the key auto fuel to Europe by private refiners, Reliance Industries and Nayara Energy.“So far, we have not seen a massive increase in gasoil (diesel) exports to Europe from the two refiners, save for the increase seen since […]