India slashes windfall tax on petroleum crude

May 01, 2024

The central government has reduced windfall tax on crude petroleum, according to a government notification. The special additional excise duty (SAED) on crude petroleum...

India increases windfall tax on petroleum crude

Jul 02, 2024

A tax levied on an unforeseen or unexpectedly large profit is called a windfall tax.

India again slashes windfall tax on petroleum crude

May 16, 2024

India started the windfall tax on crude oil producers and on exports of gasoline, diesel and the aviation fuel in July 2022, reportedly to...

Sharp cut in windfall tax on crude petroleum, effective today

Aug 17, 2024

The windfall tax on petroleum crude will be reduced to Rs 2,100 per metric ton from Rs 4,600 per ton, according to an official...

India's oil imports from Russia helped global markets to stabilise: Hardeep Puri silences critics

Jul 10, 2025

Petroleum and Natural Gas Minister Hardeep Puri said India's continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil...

OPEC cuts oil demand forecast for 2024 due to weak intake from China

Aug 12, 2024

The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised down global crude oil demand forecast for 2024, citing softer intake by China.