excise duty

New Delhi, April 11 – The Centre on Saturday increased excise duties on petroleum products, including high-speed diesel, with immediate effect, according to a notification issued by the Ministry of Finance.The Union government has hiked the export duty or windfall tax on diesel by Rs 34 per...

New Delhi, April 10 Jio-BP, the fuel joint venture of Reliance Industries Ltd and BP Plc, does not plan to immediately raise fuel prices despite a spike in international oil prices, its chief executive Akshay Wadhwa said on Friday.The country's second-largest private fuel retailer has kept...

New Delhi, April 7 The government is considering a ₹2.5 lakh crore credit guarantee scheme to support businesses, especially MSMEs affected by the West Asia crisis, sources said.Under the scheme, a credit guarantee of about 90 per cent on loans of up to ₹100 crore would be provided to lenders...

New Delhi, April 2 – The Centre has announced a series of relief measures aimed at protecting the Indian industry and consumers from the adverse economic impact of the Iran war, which has disrupted supply chains and affected exports.The Finance Ministry has outlined steps including cuts in...

New Delhi, April 2 The reimposed windfall export taxes on diesel and aviation turbine fuel (ATF) will not apply to Reliance Industries Ltd's SEZ refinery due to court rulings, a senior official said on Thursday.Effective from March 26, the government revised fuel levies, reintroducing export...

New Delhi, April 2 The government has slightly exceeded its indirect tax collection target for fiscal 2025-26, an official said on Thursday.Total indirect tax collection, which includes customs, excise, and GST, as per the Revised Estimates (RE), was set at over ₹15.52 lakh crore for FY26...

India’s Fuel Duty Overhaul: Impact on Reliance SEZ Exports and Refining Margins Uncertainty Over SEZ Export Tax Following India’s fuel duty changes effective March 26, significant uncertainty remains regarding whether Reliance Industries’ SEZ refinery exports will continue to enjoy exemptions...

New Delhi, March 28 – The government stated on Saturday that more than 54 lakh LPG refills were delivered yesterday, and the delivery of domestic LPG cylinders is normal despite the prevailing geopolitical situation that has affected supply chains.There have been no reported shortages at LPG...

Fuel Prices Remain Stable as Government Absorbs Losses New Delhi – Retail prices of petrol and diesel will not be adjusted following a recent excise duty reduction, according to a statement released by the government on Friday. Instead, the government will absorb the resulting losses incurred by...

Government Slashes Excise Duties on Petrol, Diesel Fuel Price Relief: Excise Duty Cut Announced New Delhi – The government announced a reduction in excise duties on petrol and diesel on Friday, aiming to alleviate the impact of rising global oil prices. The excise duty on petrol has been lowered...

Government Reduces Excise Duty on Petrol, Exempts Diesel Amid Global Oil Price Surge Excise Duty Changes New Delhi, March 27 – The government has implemented excise duty reductions on petrol and completely exempted diesel, aiming to provide support to oil marketing companies including HPCL...

New Delhi, February 22: The proposed excise duty waiver on biogas blended with compressed natural gas is set to reshape India’s renewable energy landscape, with the Indian Biogas Association stating that the move could unlock investments of up to ₹1 lakh crore if backed by a clear and...