Trending News: PM Modi To Inaugurate Noida International Airport in Jewar Tomorrow | See PicsFormula 1: Japanese GP Closes Out Weekend Before Five-Week Hiatus Amid Iran ConflictWest Bengal Polls: EC Seeks Report After Polling Staffer Attacked; Allegations of Tampered Training Video SurfaceTrump Signature To Appear On US Currency, Ending 165-Year TraditionSonu Nigam Concert: Traffic Restrictions Near IGI Stadium on March 28, Check Roads to Avoid, Entry Routes HereIndian Rupee Sinks to New Record Low of 94.73 Amid High Oil Prices and Geopolitical TensionsCentre Slashes Excise Duty On Petrol And Diesel: Should You ‘Sell’ Or ‘Buy’ OMC Stocks?From KBC Fame to Prison: Why This Tehsildar Who Sat Opposite Amitabh Bachchan Is Now Behind Bars- Here’s What Went WrongInternational Olympic Committee Bans Transgender Women From Female EventsHDFC Bank Out, HSBC In: Jefferies’ Chris Wood Trims India and Australia to Fund Taiwan PivotPM Modi Observes Surya Tilak Ceremony At Ram Temple in Ayodhya Virtually On Ram Navami | PICS INSIDEIndia’s DAC Set to Approve S-400 Units, 800km BrahMos and Unmanned Combat Jets in Major PushMoPNG Asks States To Increase LPG Allocation By Upto 70%Chinese National Detained in Rajasthan’s Border District, Intelligence Agencies Probe ‘Suspicious’ Links‘Two People That Get Things Done’: US Embassy Shares Trump’s Praise For PM Modi Amid Iran WarKolhapur Fuel Crisis: Petrol Pumps To Remain Shut For 3 Hours Every Day Amid Panic BuyingSmoke Scare In Jabalpur Medical College NICU: 30 Infants Evacuated, Families Allege NegligenceCentre Ensures Direct Relief On Petrol, Diesel Rates: Check Latest Fuel Prices In Mumbai & Other CitiesOccidental’s Hollub, US Oil’s Most Powerful Woman, Prepares To Hand Over Reins, Sources SayFed’s Cook Says The Balance Of Risks Has Shifted Toward Inflation Due To Iran WarGoldman Sachs Downgrades Indian Equities; Slashes Nifty 50 Target To 25,900India Cuts Petrol Excise to Rs 3 and Diesel to Zero: Will Consumers See Lower Pump Prices?Delhi NCR Weather Today: IMD Issues Rain & Thunderstorm Alert For Delhi, Noida, GurugramRuckus Inside J&K Assembly As NC MLAs Raise Pro-Iran Slogans, BJP Protests Fuel Price Hike‘Completely False’: Oil Minister Hardeep Puri Denies Lockdown Rumours Amid Energy Crisis; Says ‘No Such Proposal’India’s HDFC Bank Chair Resigned After Power Struggle With CEO, FT ReportsSensex Tanks 1,000 Pts: Why Trump’s Strike Pause Couldn’t Save Indian Markets from the Rupee’s 94.29 RoutRupee Crashes Past 94/$ To Record Low As Escalating Iran War Fuels Oil FearsIndia Football Coach, INSULTED! 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WWE In Talks With NFL LegendNo Energy Shortage in India: Govt Assures in All-Party Meeting as West Asia War RagesIndia Buys First Iran LPG Cargo In Years After US Eases Sanctions: ReportSonia Gandhi Stable; Doctors at Sir Ganga Ram Hospital Checking for Possible Infections‘Will Dictate Terms to Me?’: CJI Shreds Counsel For Questioning Order, Calling His BrotherFIFA World Cup Playoffs: Italy On Edge, Sweden Shorn Of Stars And Another Chance For Robert LewandowskiCabinet Approves Rs 28,840 Crore ‘Modified UDAN’: A 10-Year Roadmap To Transform Regional Aviation By 2036Allahabad High Court Grants Interim Bail to Avimukteshwaranand Saraswati in POCSO Sexual Abuse CaseGovernment Mandates PNG Switch: LPG Supply May Stop Where Pipelines Are AvailableRs 10,000 Cash Aid, Free LPG, Loan Waivers…: AIADMK Unveils 297 Promises Ahead Of TN Polls
Fri. Mar 27th, 2026
Trending News: PM Modi To Inaugurate Noida International Airport in Jewar Tomorrow | See PicsFormula 1: Japanese GP Closes Out Weekend Before Five-Week Hiatus Amid Iran ConflictWest Bengal Polls: EC Seeks Report After Polling Staffer Attacked; Allegations of Tampered Training Video SurfaceTrump Signature To Appear On US Currency, Ending 165-Year TraditionSonu Nigam Concert: Traffic Restrictions Near IGI Stadium on March 28, Check Roads to Avoid, Entry Routes HereIndian Rupee Sinks to New Record Low of 94.73 Amid High Oil Prices and Geopolitical TensionsCentre Slashes Excise Duty On Petrol And Diesel: Should You ‘Sell’ Or ‘Buy’ OMC Stocks?From KBC Fame to Prison: Why This Tehsildar Who Sat Opposite Amitabh Bachchan Is Now Behind Bars- Here’s What Went WrongInternational Olympic Committee Bans Transgender Women From Female EventsHDFC Bank Out, HSBC In: Jefferies’ Chris Wood Trims India and Australia to Fund Taiwan PivotPM Modi Observes Surya Tilak Ceremony At Ram Temple in Ayodhya Virtually On Ram Navami | PICS INSIDEIndia’s DAC Set to Approve S-400 Units, 800km BrahMos and Unmanned Combat Jets in Major PushMoPNG Asks States To Increase LPG Allocation By Upto 70%Chinese National Detained in Rajasthan’s Border District, Intelligence Agencies Probe ‘Suspicious’ Links‘Two People That Get Things Done’: US Embassy Shares Trump’s Praise For PM Modi Amid Iran WarKolhapur Fuel Crisis: Petrol Pumps To Remain Shut For 3 Hours Every Day Amid Panic BuyingSmoke Scare In Jabalpur Medical College NICU: 30 Infants Evacuated, Families Allege NegligenceCentre Ensures Direct Relief On Petrol, Diesel Rates: Check Latest Fuel Prices In Mumbai & Other CitiesOccidental’s Hollub, US Oil’s Most Powerful Woman, Prepares To Hand Over Reins, Sources SayFed’s Cook Says The Balance Of Risks Has Shifted Toward Inflation Due To Iran WarGoldman Sachs Downgrades Indian Equities; Slashes Nifty 50 Target To 25,900India Cuts Petrol Excise to Rs 3 and Diesel to Zero: Will Consumers See Lower Pump Prices?Delhi NCR Weather Today: IMD Issues Rain & Thunderstorm Alert For Delhi, Noida, GurugramRuckus Inside J&K Assembly As NC MLAs Raise Pro-Iran Slogans, BJP Protests Fuel Price Hike‘Completely False’: Oil Minister Hardeep Puri Denies Lockdown Rumours Amid Energy Crisis; Says ‘No Such Proposal’India’s HDFC Bank Chair Resigned After Power Struggle With CEO, FT ReportsSensex Tanks 1,000 Pts: Why Trump’s Strike Pause Couldn’t Save Indian Markets from the Rupee’s 94.29 RoutRupee Crashes Past 94/$ To Record Low As Escalating Iran War Fuels Oil FearsIndia Football Coach, INSULTED! Khalid Jamil Denied Entry Into Kochi Stadium After Delay in Payment DuesHUGE: Special Additional Excise Duties On Petrol Cut To Rs 3 From Rs 13, Diesel To Zero From Rs 10Oil Prices Fall As Trump Pauses Attacks On Iranian Energy PlantsMassive Fire Breaks Out At Shopping Complex Near Noida Sector 76 Metro Station, No CasualtiesAe Dil Hai Mushkil, PK, Bajrangi Bhaijaan And More: This Rajasthan Village Is A Bollywood Approved Shooting LocationAGP Stands Firm on Its Own Principles, Says Atul Bora Amid Alliance PoliticsPM Narendra Modi to Attend G7 Summit In France From June 15-17After 36 Years of Silence, Srinagar’s Raghunath Mandir Reopens on Jhelum’s BanksCounter Intelligence Wing Cracks LeT Module in Kashmir, Seizes Digital Evidence in 10 RaidsIndian Killed In Abu Dhabi Due To Debris Of Intercepted Missile Amid Iran WarOlympic Medallist Carolina Marin Announces Retirement From Professional BadmintonWill The Iran War Have A Lasting Impact On Energy Prices?Brazil vs France Live Streaming: When And Where To Watch International Friendly In India?Babu Culture? | ‘We Are VIPs, Can’t Stand In Queue’: Congress MLA Demands 5 IPL Tickets For Every LegislatorMukesh Ambani-Led Reliance Industries Denies Reports Of Buying Iranian CrudeItaly vs Northern Ireland Live Streaming: When And Where To Watch FIFA World Cup 2026 Playoff Match In India?Indore Teen Rams Car Into Woman Over Rental Dispute, Father-Son Booked for MurderDelhi Red Fort Blast: NIA Seeks 45 More Days To Probe ‘Larger Terror Network’IREDA Dividend Alert: Why Investors Should Watch This Navratna Stock On FridayItaly Host Northern Ireland In FIFA World Cup Playoffs, Aim To Avoid Third Straight FailurePre-Poll Violence in Bengal: Basanti BJP Candidate’s Rally Allegedly Attacked, Party Says ‘Rule of Law Does Not Exist’Kuki Militants Open Fire At Indian Army Post In Late-Night Skirmish‘I Have Unfinished Business At Asian Games’: Tokyo Olympics Silver Medallist Mirabai ChanuGulveer Singh To Lead Indian Elite Field At 18th Edition Of World 10K BengaluruIndia Has 60-Day Fuel Buffer; Secures 800,000 MT LPG From US and Russia to Boost SupplyIndian Regulator Reviewing HDFC Bank Chairman’s Exit Letter, Sources SayNayara Energy Raises Petrol, Diesel Prices: Check Rates In Delhi, UP & Other Key CitiesIndia’s CCPA Warns Restaurants Against Adding ‘Gas Surcharges’ to Bills Amid LPG CrisisSenior Congress Leader Jeevan Reddy Quits Party, Ends 42-Year-Old AssociationKylian Mbappe Denies Real Madrid Examined Wrong Knee After InjuryUkraine vs Sweden, Live Streaming, FIFA WC Qualifiers: When And Where to WatchIndia’s FY27 Growth Projected At 6.9% Amid Energy Supply Strain: ICICI BankIndia’s Steel Ministry Seeks Intervention For Mills Facing LPG Shortages, Source SaysCrude Oil Prices Surge, Brent Rises Over $100 Per Barrel – Here’s WhyInfosys Bets on U.S. Health Tech Growth With $465 Million Acquisition of Optimum ITPM Modi Announces Rs 2 Lakh Ex-Gratia for Victims’ Families After Andhra Pradesh Bus Fire Claims 13 LivesDollar Eases as Markets Weigh Iran De-escalation Hopes and Fed Policy OutlookBREAKING: London-Bound Air India Flight Diverts to Mumbai Due to Technical GlitchAsian Stocks Waver as Iran Weighs US Ceasefire Deal; Oil Prices Surge Past $100‘Punctured Bicycle Will Collapse Forever’: Yogi Adityanath Takes Dig at Akhilesh Yadav in Gorakhpur EventViolent Protest Erupts In Manipur’s Churachandpur After Drunk Riders Collide With Security VehicleIndia’s New Fiscal Year: 5 Major Changes in Banking, Tax, and Travel Rules ExplainedSecurity Forces Arrest UNLF(P) Cadre; 6 Illegal Bunkers Dismantled in Manipur’s Imphal West‘No Room for Fraud in Maharashtra’: CM Fadnavis Urges People to Share Info on Ashok Kharat in State Assembly SessionGovt Retains 4% Inflation Target for 2026-31; Upper Tolerance Stays at 6%Speeding Car With Minor Behind Wheels Mows Down Kalyan Businessman, CCTV Captures Fatal Hit-and-RunSpeeding Car With Minor Behind Wheels Mows Down Kalyan Businessman, CCTV Captures Fatal Hit-and-RunLondon High Court Rejects Nirav Modi’s Request To Re-Open Petition Against His Extradition To IndiaLondon High Court Rejects Nirav Modi’s Request To Re-Open Petition Against His Extradition To IndiaIntel Warns Of Possible IED Attacks On Security Forces In J&K, Forces Placed On High AlertAndhra Horror: 10 Passengers Burnt Alive, Many Critically Injured After Bus-Tipper Truck Head-On Collision Near MarkapuramStock Market Holiday 2026: Is Trading On NSE, BSE Shut Today For Ram Navami?India’s Carbon Emissions Grew In 2025 At Slowest Pace In Over Two DecadesMP Harsh Vardhan Shringla Urges Urgent Action On Wildlife Safety Amid Development PushNIA Gets 11-Day Custody Of Bangladeshi Nationals Accused In Hadi’s KillingPrime Minister Narendra Modi Tops Global Leader Rankings Again With 68% Approval, Widens Lead Over World Leaders‘Honour Killing’ in Saharanpur: Brother Shoots Woman Dead Inside Police Vehicle Over Inter-Caste Love, Justifies Action In Video‘We Can’t Be A Dalal Nation!’: Jaishankar Mocks Pakistan For Brokering Iran WarSafeguarding Identity, Delivering Development: BJP Confident of Crossing Majority Mark in Assam- Pabitra MargheritaAnantnag Tulip Centre Launched: SKUAST-K, NABARD Drive Rs 80 Million Project to Cut Imports and Boost ExportsBengal Polls: BJP Releases 3rd List, RG Kar Victim’s Mother To Contest from PanihatiIndia Purchases 60 Million Barrels Of Russian Oil Amid Strait Of Hormuz CrisisTom Brady Tipped To Make Cameo Appearance In WrestleMania 42 Amid Feud With Logan Paul; WWE In Talks With NFL LegendNo Energy Shortage in India: Govt Assures in All-Party Meeting as West Asia War RagesIndia Buys First Iran LPG Cargo In Years After US Eases Sanctions: ReportSonia Gandhi Stable; Doctors at Sir Ganga Ram Hospital Checking for Possible Infections‘Will Dictate Terms to Me?’: CJI Shreds Counsel For Questioning Order, Calling His BrotherFIFA World Cup Playoffs: Italy On Edge, Sweden Shorn Of Stars And Another Chance For Robert LewandowskiCabinet Approves Rs 28,840 Crore ‘Modified UDAN’: A 10-Year Roadmap To Transform Regional Aviation By 2036Allahabad High Court Grants Interim Bail to Avimukteshwaranand Saraswati in POCSO Sexual Abuse CaseGovernment Mandates PNG Switch: LPG Supply May Stop Where Pipelines Are AvailableRs 10,000 Cash Aid, Free LPG, Loan Waivers…: AIADMK Unveils 297 Promises Ahead Of TN Polls
Fri. Mar 27th, 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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