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windfall profit

Government scraps windfall tax on petrol, diesel, and ATF exports

Windfall tax is a special tax on domestic crude oil production which aims to capture revenue from the windfall gains of oil producers
business
Published on Dec 02, 2024 03:40 pm IST

Centre cuts windfall tax on crude oil to zero, diesel halved

 As per the usual practice, the windfall profit tax on petroleum that was imposed on July 1, is revised fortnightly. (Ramesh Pathania)
business
Published on Apr 04, 2023 02:40 pm IST

Windfall tax on aviation fuel slashed. Will air tickets be cheaper?

Representative Image
business
Updated on Dec 16, 2022 02:25 pm IST

Windfall tax on crude, aviation fuel slashed

representative image
business
Published on Dec 16, 2022 09:08 am IST

Govt considers windfall tax on oil and gas giants

This is not the first time India is considering a windfall tax. Policymakers flirted with the idea in 2018, and before that in 2008, when oil prices were on a high, and many Indian oil producers made a killing. Both times, the idea was abandoned, after it was strongly opposed by private oil companies. (AFP)
india news
Updated on May 27, 2022 05:40 am IST
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