The BJP state unit on Friday staged a demonstration on Master Canteen Square in the city, asking the state government to reduce value added tax (VAT) on the petroleum products.
The government may levy a windfall tax on state-owned exploration firms such as ONGC and Oil India as part of a subsidy sharing move to deal with a spike in global crude prices.
The Chatterjee Group (TCG) has bought out the Bengal government’s residual stake in Haldia Petrochemicals Ltd (HPL), owning nearly a three-fourth share of the company and reaffirming faith in a venture that has clawed its way back from dire straits.
Russian oil giant Rosneft on Friday asked India to look at its policy on withholding tax, calling it against the spirit of the double taxation avoidance treaty between India and Russia.
The government on Thursday announced a Rs 2.50 a litre cut in petrol and diesel prices, factoring in excise duty reduction of Rs 1.50 per litre and asking oil companies to absorb another Re 1.
Karnataka Chief Minister H D Kumaraswamy Thursday Thursday ruled out any further cut in fuel prices as it had already done it a fortnight ago.
State-owned Oil and Natural Gas Corporation (ONGC) is not in a hurry to sell its stake in Indian Oil Corp and GAIL (India) and will wait for the right price before offloading the shares, a senior company official said.
ONGC Videsh Ltd and its partners in Russia’s Sakhalin-1 project have agreed to pay Russian giant Rosneft $230 million to settle an oil production dispute out-of-court, its managing director N. K. Verma has said.
Bhubaneswar: The state government on Saturday increased fares for all categories of passenger buses in the wake of hike in diesel price.
New Delhi: The flare-up in the prices of petrol and diesel has raised the demand for bringing the fuels under the goods and services tax to provide relief to consumers. However, analysts said the prices are unlikely to come down as a result of this measure.