Search For "petroleum crude"
BetaTANK ushers 2G Robots for Petroleum Industry
Updated : 5 months, 2 weeks ago IST
Bengaluru (Karnataka) [India], September 2: Beta Tank Robotics Pvt Ltd, (BetaTANK) has developed the 2nd generation of robots for cleaning petroleum crude oil tanks. This application of moving thick viscous sludge out of the large crude oil storage tanks by robots, has been known to be a dif
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Russia is now largest supplier of crude oil to India, accounts for over 35
Updated : 1 year, 3 months ago IST
Speaking at the FIPI Oil and Gas Awards Ceremony, the minister highlighted the dramatic shift in India's oil sourcing over the past two years, with Russian oil imports surging from a mere 0.2 per cent in February 2022 to consistently occupying the top spot in recent months.
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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.
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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.
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India again slashes windfall tax on petroleum crude
Updated : 1 year, 10 months ago IST
India started the windfall tax on crude oil producers and on exports of gasoline, diesel and the aviation fuel in July 2022, reportedly to regulate private refiners who wanted to sell fuel overseas instead of locally, to gain from firm refining margins.
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India slashes windfall tax on petroleum crude
Updated : 1 year, 10 months ago IST
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.
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Current Account Deficit expected to reach year's high of 1.2 % of GDP in F
Updated : 2 years ago IST
According to a press release, this forecast represents a marginal increase from the previous quarter's deficit of 1.0 per cent of GDP and marks a year's high, surpassing the deficit recorded in the corresponding quarter of the previous fiscal year (3QFY23: USD16.8 billion, 2.0 per cent of GD
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India's Russian crude imports prevented price surge in global oil market
Updated : 2 years, 2 months ago IST
The report emphasised that these purchases, totalling an estimated 1.95 million barrels per day (b/d), were pivotal in averting potential chaos in the crude oil market and preventing a surge in prices by approximately USD 30-USD 40 per barrel.
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