Why Petroleum Products Are Not Under GST

Adding petrol and diesel to GST was a challenging task due to their significant role as revenue generators for both the central and state governments. Photograph: Francis Mascarenhas/Reuters......

Crude realisation: Oil's slick grip threatens corporate margins, profits

Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Illustration: Dominic Xavier/Rediff.com Historical quarterly data from listed......

Windfall profit tax on crude oil hiked

The government on Tuesday increased the windfall profit tax on crude oil produced in the country and reduced the levy on exports of diesel. Photograph: Dado Ruvic/Reuters The tax, levied in the......

Windfall tax on crude cut; levy on diesel, ATF exports hiked

The government has cut the windfall profit tax on crude oil produced in the country while the levy on exports of diesel and ATF has been hiked, an official notification said. Photograph: Angus......