With temperatures expected to stay above average until mid-August, there will continue to be a significant demand for air cooling, particularly in Texas. Nat. Gas yesterday settled up 7.1% at 227.2. The average gas production in the Lower 48 States of the United States has remained at 101.8 billion cubic feet per day (bcfd) so…
The windfall tax on all domestically produced crude oil was increased by the centre from zero to Rs 6,400 per tonne. Additionally, the government eliminated the SAED, which had been charged at a rate of 0.5 rupees per litre. For the continued export of petrol and ATF (aviation turbine fuel), windfall tax exemptions are granted….
The windfall duty on domestically produced crude oil has been eliminated by the Finance Ministry, while it has been decreased for diesel. The new levy went into effect on April 4. Despite the fact that the tax has been decreased due to a drop in prices over the past month, this week’s output cuts by…
The government reduced the windfall tax on local crude oil exports on Tuesday from Rs 11,000 per tonne to Rs 9,500 per tonne. The windfall tax on aviation fuel exports (ATF) has, however, been raised from Rs 3.50 per litre to Rs 5 per litre. Diesel fuel now costs Rs. 13 per litre after an…
