Diesel

India has cut its windfall tax on crude oil and exports of aviation turbine fuel and diesel, according to a government notification dated February 15. Windfall tax on crude was cut to 4,350 rupees ($52.60) per tonne from 5,050 rupees per…
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International crude prices may be near a seven-month low but with oil markets still volatile, and state-owned oil refiners having to offset of losses amounting to almost ₹18,500 crore (on account of selling below cost in this period),…
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India saw another hike in fuel prices on Saturday - the fourth this week - as the government faces criticism from the opposition over inflation, among other issues. Finance minister Nirmala Sitharaman, however, on Friday had linked the…
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