New Delhi The Finance Ministry late on Thursday introduced down windfall tax on domestically produced crude to zero from ₹1,800 a tonne. That is the second time the tax has been lowered to zero. The central authorities, had with impact from the July 1, 2022, imposed sure duties /cesses on domestically produced crude petroleum. Nonetheless, … Read more
State-owned gas retailers Indian Oil Company, Bharat Petroleum Company Ltd and Hindustan Petroleum Company Ltd reported bumper income totalling about ₹81,000 crore in FY24, which far exceeded their annual incomes in pre-oil disaster years. Additionally learn:Auto & jet gas consumption hits document in March as political & industrial exercise intensifies The mixed standalone internet revenue … Read more
Shares of oil advertising corporations come beneath stress after a late-night sudden announcement of reducing diesel and petrol value by ₹2 every at shops. Hindustan Petroleum Company slumped 6.24 per cent to ₹468.95 on the BSE, Indian Oil Company 5.46 per cent to ₹161.15 and BPCL by 3.74 per cent to ₹586.25, as analysts stated … Read more
The expansion price of the mixed income receipts of the 16 largest States dropped by virtually 80 per cent to five per cent throughout April-November from the budgeted 17.4 per cent for the present fiscal, in keeping with an ICRA Ratins report. The States have up to now borrowed over 37 per cent greater than … Read more