Articles Tagged "govt"

Crude Oil is likely to get duty recall

The government declared that it may reimpose the duty on crude oil imports, its biggest source of Customs revenue before the levy was scrapped last year, as it looks for fresh revenue streams to rein in mounting fiscal deficit. For full story, click here

No fuel price hike till international crude breaches $70

The government may not raise pump prices of petrol and diesel until the average price of crude oil for domestic consumption breaches the $70-a-barrel mark. Petroleum minister Murli Deora stated: The government is unlikely to raise auto fuel prices immediately. It (rising prices of global crude oil) is certainly a matter of concern, but a [...]

Oilcos is seeing Red again as Crude Flares Up

State-run oil marketing companies like IOC, HPCL and BPCL are looking to the government for a revision in retail fuel prices with the current rally in global crude rates making them lose several crores every day. For full story, click here

Cairn India, RIL sinks as Govt. eyes Cap on earnings

Oil exploration companies have lost ground on the note that the government might put a cap on profits by imposing additional tax on the earnings of crude oil producers as a part of a transparent and sustainable subsidy-sharing system for the oil sector. For full story, click here