Search For "crude"
Sharp cut in windfall tax on crude petroleum, effective today
Updated : 1 year, 7 months ago IST
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 gazette notification. The new rate will be effective from Saturday, August 17, 2024.
Read More
OPEC cuts oil demand forecast for 2024 due to weak intake from China
Updated : 1 year, 7 months ago IST
The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised down global crude oil demand forecast for 2024, citing softer intake by China.
Read More
Numaligarh Refinery's expansion will augment crude refining capacity: Hard
Updated : 1 year, 7 months ago IST
A pipeline of around 1640 km is being laid from Paradip Port to Numaligarh for transporting imported crude. Numaligarh Rfinery's expansion will increase overall crude oil processing capacity and it is scheduled to be completed by 2024. Environmental clearance was obtained for the project on
Read More
Crude prices to average at USD 83-88 in FY25, may increase govt fiscal bur
Updated : 1 year, 8 months ago IST
The average crude oil prices are expected to surge in the fiscal year 2025 as compared to the previous year, highlights a report by Crisil.
Read More
BPCL to invest USD 20 bn to expand refining capacity, targets global crude
Updated : 1 year, 8 months ago IST
This investment drive aims to ramp up refining capacity, expand petrochemical operations, bolster its network of retail fuel stations, and embrace clean energy initiatives, according to company sources.
Read More
NCW takes suo moto cognizance of Mahua Moitra's remarks on Rekha Sharma
Updated : 1 year, 8 months ago IST
These crude remarks are not only outrageous but also a severe violation of a woman's right to dignity, the NCW said in a press release. Upon careful consideration, the Commission has determined that Moitra's remarks fall under Section 79 of the Bharatiya Nyay Sanhita, 2023, it added.
Read More
Coal sector leads core industries with record 10.2 pc growth in May 2024
Updated : 1 year, 8 months ago IST
According to a press release by the Ministry of Coal, the ICI, which monitors the production performance of eight core industries--cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel--reported a combined index increase of 6.3 per cent for May 2024.
Read More
India increases windfall tax on petroleum crude
Updated : 1 year, 8 months ago IST
A tax levied on an unforeseen or unexpectedly large profit is called a windfall tax.
Read More
Core industries grows by 6.3 pc in May, Power, coal, steel, natural gas an
Updated : 1 year, 8 months ago IST
The combined Index of Eight Core Industries (ICI) increased by 6.3 per cent in May, 2024 as compared to last year, said the Ministry of Commerce and Industry on Friday.
Read More
India's downstream oil and gas profits to fall; upstream to remain strong:
Updated : 1 year, 8 months ago IST
Fitch projects a 3 per cent-4 per cent increase in India's petroleum product demand for the fiscal year ending in March 2025 (FY25), buoyed by rising consumer, industrial, and infrastructure needs.
Read More
Gold, silver rally, crude volatile while copper at two-month low: Choice C
Updated : 1 year, 9 months ago IST
The Multi Commodity Exchange of India (MCX) Gold July contract saw a modest increase of +0.86 per cent, settling at 71965 according to Choice's commodity weekly report.
Read More
Union Minister Hardeep S Puri lauds Oil India Ltd's record production and
Updated : 1 year, 9 months ago IST
Puri posted on X, "Reviewed the performance and future strategy of @OilIndiaLimited with senior management of the Maharatna CPSE which has registered a CAGR of @ 27% in the last 2 years and achieved highest ever crude oil and natural gas production of 6.53 MMTOE during FY 2023-24. India's
Read More