Thu, Feb 16, 2023
Will petrol, diesel come under GST? What did the Finance Minister Nirmala Sitharaman say on bringing GST in petroleum products? Where is VAT charged the most? What will be the impact of bringing GST in petroleum products? Know from Varun Dubey.
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Wed, Feb 08, 2023
Last month, the government had raised the price of petrol and diesel by 35 PKR per litre each, a couple of days before the scheduled date of revising oil prices, apparently bowing to hoarders rather than taking action against them.
Mon, Sep 05, 2022
Addressing an event organized online, the minister said it is unfair to call windfall tax as ad hoc, because the tax rate and its resetting are done in complete consultations with the industry. "The very idea was implemented after taking the industry into full confidence," she said at a function organized by Elara Capital.
Fri, Jul 01, 2022
Why there has been a decline in the companies exporting petroleum products? Which exporting companies will be affected? Know full details from Varun Dubey.
Wed, Aug 07, 2019
India has emerged as a key driver of global oil demand. The International Energy Agency expects the South Asian nation to account for a quarter of global energy use by 2040.
Fri, Sep 14, 2018
Imports too grew by 25.41 per cent in August to USD 45.24 billion due to costlier crude oil shipments. In August, the growth rate in overseas shipments touched a three-month high of 19.21 per cent. Earlier in May, exports had recorded a growth of 20.18 per cent.
Mon, Jun 25, 2018
The investment by Saudi ARAMCO and ADNOC in the $44 billion project will be the highest ever overseas investment in the Indian refining sector.
Thu, Feb 15, 2018
India's exports grew by 9 per cent to USD 24.38 billion in January, helped by a healthy growth in shipments of chemicals, engineering goods and petroleum products, even as the trade deficit widened to an over three-year high.
Sun, Jan 21, 2018
This would be ONGC's biggest acquisition and second buyout this financial year after its Rs 7,738-crore buyout of 80% stake in Gujarat State Petroleum Corp's KG basin gas block
Tue, Dec 19, 2017
The Centre favours including petroleum products in the ambit of the Goods and Services Tax (GST) but it would want a consensus with the states before taking such a step, Finance minister Arun Jaitley said today.
Fri, Oct 06, 2017
Since the time excise duty has been reduced, petrol and diesel prices have come down by more than Rs 2 per litre. Moody's believes this decline will boost demand for fuel in India.
Fri, Aug 18, 2017
Finance Minister Arun Jaitley writes to State Chief Ministers to reduce burden of Value Added Tax on Petroleum Products used for manufacturing.
Wed, Jun 28, 2017
KEY HIGHLIGHTS:
Wed, Apr 05, 2017
In February, Finance Minister Arun Jaitley while presenting the Union Budget of FY17-18, had revised the estimate of tax collection for FY17 to Rs 16.97 lakh crore.
Mon, Jan 16, 2017
India's fuel consumption is likely to hit 200 million tonnes in 2016/17, an oil ministry executive said on Monday, in what would be the highest such level in at least 16 years.
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