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Sat. Feb 7th, 2026
Trending News: Inhumane Act On Mosque Premises: Man Lures 7-Year-Old Boy To Masjid Roof, Sodomises Him In Ahmedabad51 Maoists With Rs 1.61 Crore Bounty Surrender In Chhattisgarh’s BastarSurajkund Fairground Horror: Cop Killed, Over 15 Injured As Tsunami Swing CollapsesGururgram Shocker: Speeding Scorpio Flings Schoolgirl And Flees, Leaving Her Critically Injured In Adarsh Nagar | VIDEOToxic Gas Leak Reported Near Jammu Airport: NDRF, SDRF Initiate Rescue OperationBarcelona Is The Latest Top Football Team To Abandon European Super League ProjectWill India Stop Buying Russian Oil? MEA Says ‘Our Supreme Priority Is…’Explore Bridgerton’s Real Life Shoot Locations With This Travel GuideJanakpuri Biker Death Case: Police Trace Key Eyewitness Who Saw Bike Plunge Into PitGhaziabad Triple Suicide Case: Father Has 3 Wives, All Biological Sisters; No Mention of ‘Mother’ in Suicide NoteArsenal vs Sunderland Live Streaming: When And Where To Watch Premier League Live In India?FC Barcelona vs RCD Mallorca Live Streaming: When And Where To Watch The La Liga Match Live In India?Delhi: Fire Breaks Out In Locked Flat In Vasant Kunj’s Ganga Yamuna ApartmentIndian Railways Makes ID Proof Mandatory For Reserved Travel In Nepal And Bangladesh Border AreasNovak Djokovic Signals Possible Davis Cup Comeback for Serbia Despite Permanently Moving Home Base to AthensInstagram Reel Shoot Turns Fatal: Woman Filming Suicide Scene Accidentally Hangs Herself To Death In UP’s BandaData Centres To Be A Major Pillar Of India’s Growth Story, Investments To Surpass $200 Billion: Ashwini VaishnawPolice Arrest Two Involved in Snatching Ornaments From Elderly Woman in MP’s GwaliorBihar MP Pappu Yadav Hospitalised After Arrest In 1995 Patna Case, Next Hearing On MondayPM Modi Addresses Indian Diaspora In Kuala LumpurIndian Farm Products to Enter US at Zero Duty, No Concessions for US Agriculture: Piyush GoyalManchester United vs Tottenham Hotspur Live Streaming: When And Where To Watch Premier League Live In India?Michael Carrick Warns Manchester United About Making ‘Knee-Jerk’ Decision Despite Being In Good FormHow India-US Interim Trade Deal Will Benefit Agriculture Sector: Boost to Exports, Farmers’ Income and Agri-Tech InvestmentTamil Nadu Elections: EPS Makes Drug Abuse a Poll Point, Says Ganja Reaching Hands Of Students Exposes Stalin’s MisgovernanceWhat are AIADMK’s Poll Promises? Pension, Education Loan Waiver and Free LPG CylindersPiyush Goyal Hails Protection Of Farmers’ Interest Via India-US Interim Trade Pact – Key DetailsIndia-US Interim Trade Pact FAQs: Why Did The US Agree To Slashing Tariffs To 18%?Reckless Driving Or Technical Fault? BMTC Electric Bus Crushes Woman To Death Near Bengaluru’s Tin Factory‘Booked For Negligence’: Delhi Jal Board Sub-Contractor Arrested Day After Biker Falls To Death In Janakpuri’s Open PitIndia-US Trade Deal: What Could Soon Get Cheaper in IndiaOfficers Responsible for Biker’s Death in Janakpuri Suspended, Probe Underway: Delhi Minister Ashish Sood‘No Warning Signs, Barricades or Lighting at Site’: FIR Reveals After ‘Killer Pit’ Claims 25-Year-Old Man Life in Delhi’s JanakpuriSpa Employee Gang-Raped By 6 After Owner Refuses Extortion Demand In Kerala’s Thiruvalla, 2 DetainedMumbai Mayoral Race: BJP’s Ritu Tawde To File Nomination For Mayor Post‘All India Breakdown’: Ola, Uber And Rapido Drivers Going On A 6-Hour Strike Today- Here’s WhyIndian Coast Guard Busts International Oil Smuggling Racket, Seizes Three Vessels Off Mumbai CoastDelhi Wakes Up To Slight Improvement In Air Quality, AQI Recorded At 2136 Dead As Speeding Container Truck Plows Into Bus Passengers On Yamuna Expressway Near Mathura‘Reflects Growing Trust and Dynamism in Partnership’, PM Modi Hails India-US Trade Deal FrameworkKerala Government Reiterates Stand Ahead of Census, Says NPR Will Not Be Implemented In State: Govt‘He Could Have Been Saved…’: Family Of Biker Who Died After Crashing Into Pit in Delhi’s JanakpuriWhat’s The 31-Year-Old Case That Led To Pappu Yadav’s Arrest In Patna?Gadchiroli Police Eliminate 7 Top Maoists, Including Rs 25 Lakh Rewardee Prabhakar, In Encounter‘Don’t Know What Will Happen To Me’: Purnea MP Pappu Yadav Expresses Fear After Arrest In 1995 CaseIndiGo Flight 6E2157 Makes Emergency Landing In Mumbai Amidst Technical SnagIndia Condemns Islamabad Mosque Bombing, Rejects Pakistan’s Baseless AllegationsPappu Yadav Arrested After Midnight Drama At Patna Residence, Alleges ‘Cops May Kill Me’Delhi Blast Probe: Rifle In Doctor’s Locker Brings NIA Back To Kashmir Medical College69 Firearms, 61 FIRs, 82 Arrests: Delhi Police Crackdown On People Posing With Weapons On Social Media | Operation ShastraJanakpuri Biker Falls To Death In Open Pit, Delhi Jal Board CEO Admits Safety Lapses‘Budget For NC MLAs, Not For The People’: LoP Sunil Sharma Blasts J&K Financial PlanHM Amit Shah Reviews J&K Security Grid With LG Sinha, Army ChiefDelhi Court Rejects Wrestler Sushil Kumar’s Bail Plea In Sagar Dhankar Murder CaseAsian Shooting Championships: Rudrankksh Patil Bags Gold As Arjun Babuta Settles With Silver In 10m Air Rifle Men’s EventLindsey Vonn Tests Injured Left Knee In Olympic Downhill Training, Pumps Fist After Successful RunKiller In Black Hoodie: CCTV Footage Shows Horrific Murder Of AAP Leader Lucky Oberoi In Broad Daylight In PunjabNoida Techie Swallowed by Pothole, Delhi Biker Killed by Pit: Different Cities, Same Story of Civic NeglectAl Nassr vs Al Ittihad Live Streaming: When And Where To Watch Saudi Pro League In India?Financial Bids For ‘Strategic Disinvestment Of IDBI Bank’ Received: DIPAMJanakpuri Biker Death: FIR Registered Against Contractor, Delhi Jal Board OfficialsWATCH| Karim Benzema Clashes With Journalist Over Al Ittihad Allegations Following Al Hilal DebutMake Rose Day Special By Visiting These Stunning Rose Gardens With Your PartnerNoida Techie Death: Allahabad High Court Orders Immediate Release Of Builder Abhay Kumar‘Iran Has Good Relation With India, We Respect India’s Decision’: Envoy Reacts After Chabahar Port Budget Slashed To ZeroEast Bengal Strengthen Squad Ahead Of ISL Campaign, Red And Golds Announce Signing Of Spanish Forward Youssef EzzejjariAIMIM Leader Meera Kamble Ditches Secret Voting, Openly Raises Her Hand To Support BJP’s Mayoral Candidate In Amravati; SuspendedWhy Markets Remain Muted Despite US–India Trade Deal Optimism: HSBC ExplainsBengaluru: NH-44 Caves In, Massive Sinkhole Brings Traffic To A Screeching HaltBitcoin Slides to 16-Month Low Near $60,000 as Crypto Market ContractsHyundai Venue, TVS Ntorq 150 Top ACKO Drive TOTMs 2026 Auto Awards‘Accused Won’t Be Spared’: Urban Development Minister Ashish Sood Visits Janakpuri Accident Site, Meets Biker’s FamilyCivic Negligence Exposed: Class 1 Student Falls Into Open Drain Outside School in Bengaluru’s Govindapura, RescuedManipur Violence: Shutdown Imposed After Clashes Erupt In ChurachandpurJanakpuri Biker Death: Delhi Govt Orders Probe, Minister Parvesh Verma Vows Strict Action but Sidesteps ‘Negligence’ QuestionsLok Sabha Adjourned Until Feb 9 Amid Disruptions By Opposition MPsMaha Shivaratri 2026: Kashi Vishwanath To Srisaila Mallikarjuna, 6 Must-Visit Shiva TemplesPune Entrepreneur, Multani Bakery Owner Sunil Sadarangani Dies by Suicide After Jumping From High-Rise‘Civic Negligence, Not Tragedy’: Family Of Biker Who Died In Janakpuri Pit Says They Got No Police HelpRepo Rate To Inflation Outlook: 5 Biggest Takeaways From RBI’s Feb MPC Meet‘If people reject you, you come to court for popularity’: SC on Jan Suraaj Plea Against Bihar Election‘Court Cannot Compel…’: SC Orders Termination of Pregnancy of 18-Year-Old Sexual Assault Victim, Upholds Woman’s Reproductive Autonomy‘Strict Action Will Be Taken…’: Delhi Jal Board Orders Probe After 25-Year-Old Biker Dies After Crashing Into Pit In JanakpuriMan Jumps to Death After Facebook Live in Pune’s Bhosari, Alleges Police Inaction Over Wife’s DisappearanceAmazon Shares Price Plummets 11% After Solid Q4 Earnings – What Triggered This?Is India in a Goldilocks Phase? RBI Governor Sanjay Malhotra Responds After Policy ReviewAfter Noida, ‘Killer Pit’ Claims Life In Delhi: 25-Year-Old Biker Dies After Falling Into Jal Board Pit In Janakpuri‘Not The Only Boy Missing’: Friend Of Biker Who Died In Delhi Ditch Recounts Being Turned Away By 7 Police Stations | WATCHRBI Expands Credit Access: MSMEs Get Higher Collateral-Free Loans, REIT Financing EasedLok Sabha Adjourned Minutes After Resuming Amid Opposition Sloganeering: What’s on the Agenda?Dream, Act and Trust Yourself’: PM Modi’s Advice to Exam Warriors at Pariksha Pe CharchaExperts See RBI’s Rate Pause As Balanced Move, Says Focus Shifts To Liquidity Management‘Paid Promotion’: Delhi Police Debunk Missing Girls Scare, Say Hype Driven by ‘Monetary Gains’3 Naxals Killed, Commando Martyred During Intense Encounter In Maharashtra’s GadchiroliRBI Raises FY27 Q1–Q2 Growth Estimates, Holds Rates; Full-Year Outlook Pushed to AprilRBI Keeps Repo Rate Unchanged At 5.25%, Maintains Neutral Stance Amid Global Policy DivergencePariksha Pe Charcha 2026 Live Updates: PM Modi Interacts With Over 4 Crore Students, How & Where to WatchAAP Leader Lucky Oberoi Shot Dead Outside Gurdwara In Punjab’s Jalandhar, Probe OnEarly Morning Tremors: Magnitude 4.0 Earthquake Hits Sikkim’s NamchiCaught on Camera: Delhi Police Nab ‘Darinda’ And Accomplice After RK Puram Shootout
Sat. Feb 7th, 2026

Govt Scraps Windfall Tax On Petrol, Diesel, Crude, and ATF Exports

Windfall tax: On Monday, the Finance Ministry announced that the windfall tax on aviation turbine fuel (ATF), crude products, diesel and petrol products has been scrapped, according to the papers set to be laid in Parliament on December 2.

The move will bring relief to the tightening margins of Indian oil majors including Reliance Industries, ONGC, Bharat Petroleum, GAIL, and others.

“Notification No. 29/2024-Central Exciseto be published in Gazette of India dated 2nd December, 2024, together with an explanatory memorandum seeking to rescind Notification No. 03/2022-Central Excise to 07/2022- Central Excise and No. 9/2022-Central Excise all dated 30th June 2022 removing Special Additional Excise Duty (SAED) on production of petroleum crude and on export of Aviation Turbine Fuel (ATF), motor spirit, commonly known as petrol and high speed diesel oil.” the notification stated.  

As of 01:17 PM, the National Stock Exchange’s Oil & Gas Index was trading flat.

 

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