India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies
The tax on the export of diesel was cut to Rs 5 per litre from Rs 11, according to an official notification issued on Tuesday evening
Aviation turbine fuel (ATF) prices were cut by Rs 3,084.94 per kilolitre, or 2.2 per cent, to Rs 138,147.93 per kl, a price notification of state-run fuel retailers showed
Windfall Profit Tax: After a gap of two weeks, as per the revised rates, the windfall tax on crude oil has been slashed to Rs 1,900 per tone from the previous Rs 2,100 per tonne
Aviation turbine fuel (ATF) prices were cut by Rs 16,232.36 per kilolitre, or 11.75 per cent, to Rs 121,915.57 per kl in the national capital, a price notification of state-run retailers showed
On July 1, the government imposed windfall gain taxes on the export of petrol, diesel and aviation turbine fuel (ATF), and on the domestic production of crude oil
Windfall Profit Tax: The hike comes at a time when the government, in its previous notification, slashed the windfall tax to Rs 1,700 per tonne on domestically produced crude oil.
The start of the cropping season helped diesel demand register double-digit growth over the pre-pandemic period -- a record in recent years.
Civil Aviation Minister Jyotiraditya Scindia has been making a case for lowering the high taxes on aviation turbine fuel even as most states have already moved...
For the past nine months, the ATF prices have surged by Rs 49,017.8 per kilolitre (Rs 49 per litre), or nearly 55 per cent.
The price of aviation turbine fuel (ATF) was hiked by Rs 3,649.13 per kilolitre, or 3.22 per cent, to Rs 1,16,851.46 per kl (Rs 116.8 per litre) in Delhi.
The price of aviation turbine fuel (ATF) -- the fuel that helps aeroplanes fly -- was hiked by Rs 277.5 per kilolitre, or 0.2 per cent, to Rs 1,13,202.33 per...
Meanwhile, rates of LPG used by commercial establishments like hotels and restaurants, was increased by Rs 249.50 to Rs 2,253 per 19-kg cylinder
The number of items under the 12 per cent tax slab has increased to 19 per cent in January 2022 from around 18 per cent in July 2017, he said. He added that...
The ATF prices are revised on the 1st and 16th of every month depending on the average international crude oil prices in the preceding fortnight.
Diesel, the mostly-used fuel in the country, saw sales jumping 23.7 per cent year-on-year to 3.53 million tonnes. This was 17.3 per cent higher than sales on...
Aviation turbine fuel (ATF) - the fuel that helps aeroplanes fly - was hiked by 17,135.63 per kl, or 18.3 per cent, to Rs 110,666.29 per kl in the national...
The domestic airlines, however, are likely to post a reduced net loss of Rs 14,000-16,000 crore in the next financial year on the back of a "notable recovery"...
ATF price was hiked by Rs 3,010.87 per kilolitre or 3.22 per cent to Rs 93,530.66 per kl in the national capital, according to a price notification of...
Jet fuel prices on Wednesday soared to record high levels across the country after rates were increased by 5.2 per cent in line with a rise in international...
These increases in rates came on the back of two rounds of price cuts seen in December that reflected a drop in international oil prices during the second half...
Officials have said that no major harm has been done to the schedule but in case the fuel shortage continues it can cause disruption at the airport.
The pilot made a 'Fuel Mayday' call, which is issued when an aircraft starts tapping into its emergency fuel reserves.
Indian Oil Corporation (IOC) on Friday resumed aviation fuel supply to Jet Airways after airline assured of payment.
The government had cut excise duty on jet fuel to 11 per cent from 14 per cent previously to give relief to the aviation industry
