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New Delhi: Pankaj Jain, Secretary, Ministry of Petroleum and Natural Gas has hinted that the prices of petrol and diesel may be reduced if the price of crude oil remains persistently low across the world for a little longer. Oil companies may consider reducing the rates of petrol and diesel if the crude oil remains…
New Delhi55 minutes ago copy link The government had started imposing windfall tax for the first time from July 1, 2022 on export of domestically produced crude oil. The government has reduced the Special Additional Excise Duty (SAED), i.e. windfall tax, on export of domestically produced crude oil. In its regular review, the government has…