Fuel Excise Duty
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Excise Duty On Petrol, Diesel Hiked By Rs 2/Litre, No Change In Retail Prices
The government on Monday hiked excise duty on petrol and diesel by Rs 2 per litre each, according to an official order.
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Cut Excise Duty on Fuel, Boost Consumption: Industry Body To N Sitharaman
With the Union Budget 2025-26 slated for February 1, the Confederation of Indian Industry (CII) has demanded a slew of measures from the Finance Ministry, urging that the focus should be on boosting consumption, upping the daily minimum wage.
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Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
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Why No Mention Of Fuel Tax Cut In Budget? Revenue Secretary Explains
Finance Minister Nirmala Sitharaman did not announce a cut in excise duty on petrol and diesel while presenting the interim Budget in Parliament yesterday.
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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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Centre Exempts Excise Duty On Jet Fuel Purchases By Indian Airlines For Overseas Flights
The Finance Ministry has exempted domestic airlines running international flights from 11 per cent basic excise duty on ATF or jet fuel bought from oil marketing companies.
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Windfall Tax On Oil Firms To Compensate Most Losses From Excise Cut On Fuel
The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue that the government lost when it cut excise duty on petrol and diesel to cool soaring inflation, industry sources said.
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No Further Fuel Excise Duty Cut To Help Government Meet Fiscal Deficit Target: Report
Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices
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Petrol, Diesel Price Cut Anytime Soon? Not Likely
Petrol and diesel prices have been kept steady for a month after the government's much-needed move to cut excise duty on May 21.
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Excise Duty Cuts On Fuel Poses Risk To Fiscal Deficit: Finance Ministry
Government revenues have taken a hit following cuts in excise duties on diesel and petrol, posing risk to budget level of gross fiscal deficit
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Petrol, Diesel Prices: Fuel Prices Remain Unchanged Across Metros Today
Petrol, Diesel Prices Today: Fuel prices remained unchanged on June 9, 2022 for the 18th consecutive day across four metros
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Greater Russian Crude Imports To Insulate Oil Companies From Price Freeze: Fitch
Higher than usual imports of Russian oil at significant discounts to market prices may limit near-term working capital needs of fuel retailers
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Fuel Retailers Staring At Under-Recoveries, Says Petroleum Minister
With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses
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India's May Diesel Sales Slide: Report
Daily gasoil sales of Indian state refiners declined in May from April as lower consumer spending curtailed truck movement in the country
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Fuel Prices Remain Unchanged Across Metros Today
Petrol, Diesel Prices Today: Fuel prices remained unchanged on May 31, 2022 for the tenth day across the four metros
-
Excise Duty On Petrol, Diesel Hiked By Rs 2/Litre, No Change In Retail Prices
The government on Monday hiked excise duty on petrol and diesel by Rs 2 per litre each, according to an official order.
-
Cut Excise Duty on Fuel, Boost Consumption: Industry Body To N Sitharaman
With the Union Budget 2025-26 slated for February 1, the Confederation of Indian Industry (CII) has demanded a slew of measures from the Finance Ministry, urging that the focus should be on boosting consumption, upping the daily minimum wage.
-
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
-
Why No Mention Of Fuel Tax Cut In Budget? Revenue Secretary Explains
Finance Minister Nirmala Sitharaman did not announce a cut in excise duty on petrol and diesel while presenting the interim Budget in Parliament yesterday.
-
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.
-
Centre Exempts Excise Duty On Jet Fuel Purchases By Indian Airlines For Overseas Flights
The Finance Ministry has exempted domestic airlines running international flights from 11 per cent basic excise duty on ATF or jet fuel bought from oil marketing companies.
-
Windfall Tax On Oil Firms To Compensate Most Losses From Excise Cut On Fuel
The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue that the government lost when it cut excise duty on petrol and diesel to cool soaring inflation, industry sources said.
-
No Further Fuel Excise Duty Cut To Help Government Meet Fiscal Deficit Target: Report
Government can meet the fiscal deficit target of 6.4 per cent for 2022-23 if there are no excise duty cuts to lower high oil prices
-
Petrol, Diesel Price Cut Anytime Soon? Not Likely
Petrol and diesel prices have been kept steady for a month after the government's much-needed move to cut excise duty on May 21.
-
Excise Duty Cuts On Fuel Poses Risk To Fiscal Deficit: Finance Ministry
Government revenues have taken a hit following cuts in excise duties on diesel and petrol, posing risk to budget level of gross fiscal deficit
-
Petrol, Diesel Prices: Fuel Prices Remain Unchanged Across Metros Today
Petrol, Diesel Prices Today: Fuel prices remained unchanged on June 9, 2022 for the 18th consecutive day across four metros
-
Greater Russian Crude Imports To Insulate Oil Companies From Price Freeze: Fitch
Higher than usual imports of Russian oil at significant discounts to market prices may limit near-term working capital needs of fuel retailers
-
Fuel Retailers Staring At Under-Recoveries, Says Petroleum Minister
With fuel prices remaining unchanged for almost two months despite a rise in cost, oil companies have started detailing under-recoveries or losses
-
India's May Diesel Sales Slide: Report
Daily gasoil sales of Indian state refiners declined in May from April as lower consumer spending curtailed truck movement in the country
-
Fuel Prices Remain Unchanged Across Metros Today
Petrol, Diesel Prices Today: Fuel prices remained unchanged on May 31, 2022 for the tenth day across the four metros
