Sources within India's Finance Ministry have told an Indian daily that the country's Petroleum Mi...
However, such a move would not be greeted warmly by the upstream oil and gas sector, which could see refinery margins for the domestic refining companies fall by up to 10%. The profits of the likes of Indian Oil Corp, Bharat Petroleum Corp, Hindustan Petroleum Corp and Reliance Industries could be hit hard by this plan.
According to the sources, the Petroleum Ministry plan would involve reducing the duty on crude oil from 10% to 8% and cut duty on petrol & diesel from 20% to 17%.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.
This industry-wide report aims to understand current cost levels across the energy industry
Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902
