The government has reduced the windfall gains tax on exports of petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning September 16. The special additional excise duty (SAED), along with the road and infrastructure cess, on diesel exports has been lowered to Rs 20 per litre from Rs 25 per litre during the Read More…
The Centre has reduced the windfall gains tax on exports of petrol, diesel and aviation turbine fuel (ATF), with the revised rates coming into effect from June 1. According to a notification issued by the Finance Ministry, the tax on petrol exports has been halved to ₹1.50 per litre. The levy on diesel exports has Read More…
Global oil prices have crossed the $100 mark for the first time in four years as tensions intensify in West Asia, raising serious concerns over global energy supply. The disruption in oil shipments through the strategic Strait of Hormuz and reduced production by major oil-producing countries have pushed crude prices sharply higher. Brent crude surged Read More…