Oil & gas
UK slaps 25% windfall tax on profits of oil and gas companies
30 May 2022
Robbing Peter to pay Paul is a key policy of the opposition Labour Party and this would be especially sensitive now because it undermines the core Conservative values
Govt slashes excise duty on petrol, diesel; announces subsidy on LPG
23 May 2022
The reduction in excise duty will reduce the price of petrol by Rs9.5 per litre and that of diesel by Rs7 per litre while the reintroduction of subsidy will reduce the price of LPG for domestic consumption by Rs200 per cylinder
Ukraine crisis to drive fuel costs in India by Rs21-24 per litre
08 Mar 2022
The sharp increase in crude prices has widened the gap between the actual cost and retail prices of petrol and diesel, leading to under-recovery for retailers as every $1 increase in crude price impacts retail rate by 70-80 paise