The central government has reduced windfall tax on crude petroleum, according to a government notification. The special additional excise duty (SAED) on crude petroleum has been slashed from Rs 9,600 per tonne to Rs 8,400 per tonne.
Indian warship, INS Kochi on Sunday responded to the maritime security incident involving an attack on a Panama-flagged crude oil tanker, MV Andromeda Star PM, Indian Navy said in a statement on Sunday.
With approximately 20 million barrels per day of crude oil and condensate passing through the Strait of Hormuz, equivalent to about a fifth of global consumption, any disturbance in this key maritime route reverberates across the world.
The Airport Commissionerate of Mumbai Customs found the gold concealed in various forms, like gold dust in wax, crude jewelry and gold bars in an ingenious way inside and on the body of pax and in the baggage.
Officials said the the gold was seized in various forms like gold in wax, rhodium plated wires and buckle, washer shaped rings and crude gold jewellery (pendant, payal etc).
According to S&P Global Commodity Insights, Russell Hardy, the CEO of Vitol, delivered this forecast, indicating that spot crude prices could surge to USD 100/b later this year if Organization of the Petroleum Exporting Countries (OPEC+) continues its production discipline and persists i
CPI(M) runs bomb making factories to terrorize people. The party is behind Panoor bomb blast. It has become the party of criminals," Javadekar said in a press conference held here.
The president of the BJP's Kannur district unit in Kerala, N. Haridas, alleged on Sunday that the top leadership of the CPI (M) was complicit in the recent crude bomb explosion in the district that killed one person and injured three.
Palakkad MLA and UDF Vadakara Loksabha constituency candidate Shafi Parambil, alleged on Saturday that a CPI (M) worker was killed while manufacturing a country-made bomb in Panoor and urged people not to vote for any party that is indulged in destroying the peace in society.
This sudden and significant uptick in oil prices has sent reverberations throughout global financial markets, reigniting fears of inflationary pressures and prompting deep concerns among central bankers, policymakers, and investors alike.