Crude Oil Archives

Crude oil pumped out of the ground and from below the seabed is refined and converted into fuels like petrol, diesel and jet fuel

Energy

Govt slashes windfall tax on domestically produced crude oil and export...

PGurus Newsdesk - January 18, 2023 0

Windfall profit tax on crude oil is the second lowest since the new levy was introduced in July 2022 According to an order, the government...

Use of flex-fuel vehicles is currently a Rs 7.5 lakh crore industry and is expected to reach Rs 15 lakh crore in the next five years

Energy

India needs to promote flex-fuel vehicles, e-vehicles to tackle crude oil...

PGurus Newsdesk - December 13, 2022 0

Nitin Gadkari suggests India needs to promote flex-fule and electric vehicles Union Road, Transport and Highways Minister Nitin Gadkari has said that the country needs...

Union Minister of Petroleum and Natural Gas Hardeep Singh Puri asserted that India will continue to purchase oil from whichever country it has to

Politics

Hardeep Puri avers ‘no pressure’ on India over Russian oil; ‘will...

PGurus Newsdesk - October 8, 2022 0

Would wait for the effective cut to assess the impact on India: Hardeep Puri Union Petroleum and Natural Gas Minister Hardeep Singh Puri has said...

The decision came after the fifth fortnightly review of windfall taxes conducted by the Centre

Commerce

Government reduces tax on domestically-produced crude oil

PGurus Newsdesk - September 17, 2022 0

Oil slips to six-month low The government on Friday cut the windfall tax levied on locally- produced crude oil from Rs.13,300 per tonne to Rs.10,500...

The ratings agency noted that increasing oil prices add to the fiscal burden for the country, but it is a positive for upstream oil companies

Economy

Oil price hike positive for upstream sector; losses to prolong for...

PGurus Newsdesk - March 24, 2022 0

Natural gas business of PSU upstream companies to turn profitable: ICRA According to the rating agency ICRA, the natural gas business of PSU upstream companies...

The one and the only real reason why prices go up on a secular basis are that governments live beyond their means and they use the central banks to monetize their deficits

Opinion

Crude oil @ $100/ barrel and Murder on the Orient Express

Shanmuganathan Nagasundaram - February 24, 2022 0

No moral dimensions are involved in explaining oil prices but there are powerful economic blind spots at work In the Agathe Christie fable of Murder...

Heightened tensions between Russia-Ukraine accelerated gold and crude oil prices on Monday

Stocks

Amid Russia-Ukraine crisis gold, crude oil prices accelerate

PGurus Newsdesk - February 15, 2022 0

Russia-Ukraine crisis boosts gold, crude oil prices Amid the escalated tensions between Russia-Ukraine, the prices for gold and crude oil saw an accelerated rise on...