FUEL EXPORTS

Net export of diesel and petrol declined 23% and 8% respectively in June over May as exports fell and imports rose to meet the soaring domestic demand at a time when local refineries are operating above their nameplate capacity. India…

India eliminated a levy on gasoline exports and cut windfall taxes on other fuels less than three weeks after they were imposed, offering relief for the nation’s No. 1 fuel exporter . and top crude explorer Oil & Natural Gas Corp.…

NEW DELHI: The windfall taxes on domestic crude oil production and fuel exportswill generate close to $12 billion (Rs 94,800 crore) for the government in the remainder of the current fiscal while trimming profits of firms such as…