{"id":515614,"date":"2022-08-20T12:36:41","date_gmt":"2022-08-20T07:06:41","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=515614"},"modified":"2022-08-20T12:36:41","modified_gmt":"2022-08-20T07:06:41","slug":"big-blow-to-refiner-margins","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/big-blow-to-refiner-margins\/","title":{"rendered":"Big blow to refiner margins"},"content":{"rendered":"<p>The higher windfall tax on diesel and the surprising decision to re-introduce the levy on aviation turbine fuel will reduce the gross refining margin (GRM) of refiners to the extent of about $1.5 per barrel, analysts said.<\/p>\n<p>While the cut in the profit tax on domestic crude production was along expected lines \u2014 because of the fall in global crude price and its corresponding reflection on the Indian basket \u2014 the hike on diesel and ATF surprised the analysts.<\/p>\n<p>At the third fortnightly review on Thursday, the government increased the windfall profit tax on the export of diesel to Rs 7 per litre from Rs 5 a litre and brought a Rs 2-a-litre tax on ATF exports.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The higher windfall tax on diesel and the surprising decision to re-introduce the levy on aviation turbine fuel will reduce the gross refining margin (GRM) of refiners to the extent of about $1.5 per barrel, analysts said. While the cut in the profit tax on domestic crude production was along expected lines \u2014 because of the fall in global crude price and its corresponding reflection on the Indian basket \u2014 the hike on diesel and ATF surprised the analysts. At the third fortnightly review on Thursday, the government increased the windfall profit tax on the export of diesel to Rs [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-515614","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/515614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=515614"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/515614\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=515614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=515614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=515614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}