Govt revises windfall gains tax on petroleum products, new rates effective from August 17
By Geetanjali·Last Updated: Aug 16, 2024, 10:02:00 PM IST
The government on Friday revised the windfall gains tax on petroleum products, reducing the levy on domestic crude oil to Rs 2,100 per tonne, down from the previous Rs 2,400 per tonne. However, the windfall gains tax on the export of petrol, diesel, and aviation turbine fuel (ATF) remains unchanged at NIL. These new rates will come into effect starting August 17, 2024.
The government on Friday revised the windfall gains tax on petroleum products , reducing the levy on domestic crude oil to Rs 2,100 per tonne, down from the previous Rs 2,400 per tonne.
However, the windfall gains tax on the export of petrol , diesel , and aviation turbine fuel (ATF) remains unchanged at NIL. These new rates will come into effect starting August 17, 2024.
Flomic Global Logistics reported Q2 FY27 revenue of ₹155.65 crore and EBITDA of ₹16.94 crore, while elevated freight rates helped drive the quarter’s growth.
Exicom estimates India may need 25,000 more DC fast chargers in three years as electric cars, buses and trucks grow; drivers should check route availability, not just station counts.
HDFC Bank has raised all seven MCLR tenures by 5–15 bps from 7 Nov 2026. Only MCLR-linked floating loans may reprice, so car borrowers can check their benchmark and reset date.
Tanker freight for Gulf crude shipped to India’s west coast rose to US$7.51 per barrel in October from US$1.57 in late February. Here is what the jump could mean for pump prices.
