Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
The government increased windfall tax on crude produced domestically to ₹6,800 per tonne from ₹4,900 per tonne with effect from April 4. The tax is referred to as Special Additional Excise Duty (SAED).
Diesel, petrol and aviation turbine fuel (ATF) will all continue to have zero export duties.
The government increased the windfall tax on petroleum oil earlier on March 15 from ₹4,600 per tonne to ₹4,900 per tonne.
India extended the tax on petrol, diesel, and aviation fuel exports and levied a windfall tax on crude oil producers starting in July 2022. This was due to private refiners' preference to sell fuel abroad rather than locally to benefit from strong refining margins.
The tax is revised fortnightly by the government.
Also Read : GST compensation cess could terminate before March 2026 deadline GST department doubles down efforts to reach FY24 targets
Larsen & Toubro (L&T) announced that its Minerals & Metals (M&M) business has secure...
Construction 24-Oct-2025
Fortescue has warned that the war-linked disruption around Iran is sharply increasing diesel c...
Asia 24-Mar-2026
Iron ore prices saw a slight dip as concerns over Chinese export challenges weighed on the market. E...
China 27-Feb-2025
₹15.35 crore solar plant coming up in Rajkot. Focused on clean energy and sustainability. Net prof...
Business 12-May-2025
The China Steel Logistics Committee (CSLC), a division of the China Federation of Logistics and Purc...
China 31-May-2024
Amplus Solar, a clean energy solutions provider, on Friday said it has commissioned its 360 MWp inte...
Renewables 01-Mar-2024