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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.

Madhya pradeshUnited kingdomNorth seaOceans generalNirmala sitharamanReliance industries ltdVedanta cairn oil gasOil india ltdNatural gas corporationVedanta ltdNayara energyIndustries ltdRosneft backed nayara energyFinance minister nirmala sitharamanCairn oilWindfall tax on oil retailers

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

Kaushik dasDeutsche bankFiscal deficit targetExcise duty cut on petrol and dieselFuel prices in indiaIndia gdpSubsidy billFiscal deficitFiscal deficit budgetIndian economyEconomic growthEconomic growth in india

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

Ministry onMinistry governmentOrganisation of petroleum exporting countriesFinance ministryPetroleum exporting countriesForeign portfolio investorReserve bankIndian economyEconomic growthFiscal deficitFiscal deficit targetRupee depreciationRepo rate hikeRbi repo rate hike 2022Excise duty cut on petrol and dieselInflation in india

Petrol, Diesel Prices On June 9, 2022: 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

India generalUnited statesNirmala sitharamanIndian oilBharat petroleumHindustan petroleumDiesel pricesDiesel prices todayFinance minister nirmala sitharamanWest texas intermediatePetrol diesel pricesPetrol diesel prices todayPetrol diesel prices newsPetrol diesel prices indiaPetrol prices todayPetrol prices india

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

India generalUttar pradeshFitch ratingsBharat petroleum corporation ltdIndian oil corporationHindustan petroleum corporation ltdOil companies indiaUnder recoveriesIndian oilHindustan petroleleum corpBharat petroleumFuel prices indiaFuel prices unchanged todayFuel prices cut in indiaExcise duty cut on petrol and dieselOil marketing companies omcs

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