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...

Strait of Hormuz disruption boosts US refinery margins, petroleum exports in Q2: US EIA

Jul 16, 2026

Disruptions to international crude oil and petroleum product flows through the Strait of Hormuz during the second quarter of 2026 boosted U.S. refinery margins,...

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...