Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday

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                            <p style="text-align:justify">-PTI/ The Telegraph &nbsp;&nbsp;</p><p style="text-align:justify"><em>The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday</em></p><p style="text-align:justify"><em>New Delhi: </em>The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a drop in global oil prices, according to an official order.</p><p style="text-align:justify">The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut steeply to Rs 1,700 per tonne from Rs 4,900, the order dated December 15 said.</p><p style="text-align:justify">Crude oil pumped out of the ground is refined and converted into fuel like petrol, diesel and aviation turbine fuel (ATF).</p><p style="text-align:justify">The government has also cut the tax on the export of diesel to Rs 5 per litre from Rs 8 and the same on overseas shipments of ATF to Rs 1.5 a litre from Rs 5.</p><p style="text-align:justify">The new tax rates are effective from December 16.</p><p style="text-align:justify">The reduction in tax rate follows a 14 per cent slump in global crude oil prices since November.</p><p style="text-align:justify">India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies. At that time, export duties of Rs 6 per litre (USD 12 per barrel) each were levied on petrol and ATF and Rs 13 a litre (USD 26 a barrel) on diesel.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/business/centre-cuts-windfall-tax-on-domestic-crude-oil-by-65/cid/1904167" title="https://www.telegraphindia.com/business/centre-cuts-windfall-tax-on-domestic-crude-oil-by-65/cid/1904167">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.telegraphindia.com/business/centre-cuts-windfall-tax-on-domestic-crude-oil-by-65/cid/1904167" class="re" target="_blank">PTI/ The Telegraph, 16 December, 2022, https://www.telegraphindia.com/business/centre-cuts-windfall-tax-on-domestic-crude-oil-by-65/cid/1904167</a><div class="clear"></div>
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    <h1 class="cat-box-title">Centre cuts windfall tax on domestic crude oil by 65% </h1>
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                            <p style="text-align:justify">-PTI/ The Telegraph &nbsp;&nbsp;</p><p style="text-align:justify"><em>The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday</em></p><p style="text-align:justify"><em>New Delhi: </em>The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a drop in global oil prices, according to an official order.</p><p style="text-align:justify">The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut steeply to Rs 1,700 per tonne from Rs 4,900, the order dated December 15 said.</p><p style="text-align:justify">Crude oil pumped out of the ground is refined and converted into fuel like petrol, diesel and aviation turbine fuel (ATF).</p><p style="text-align:justify">The government has also cut the tax on the export of diesel to Rs 5 per litre from Rs 8 and the same on overseas shipments of ATF to Rs 1.5 a litre from Rs 5.</p><p style="text-align:justify">The new tax rates are effective from December 16.</p><p style="text-align:justify">The reduction in tax rate follows a 14 per cent slump in global crude oil prices since November.</p><p style="text-align:justify">India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies. At that time, export duties of Rs 6 per litre (USD 12 per barrel) each were levied on petrol and ATF and Rs 13 a litre (USD 26 a barrel) on diesel.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/business/centre-cuts-windfall-tax-on-domestic-crude-oil-by-65/cid/1904167" title="https://www.telegraphindia.com/business/centre-cuts-windfall-tax-on-domestic-crude-oil-by-65/cid/1904167">click here</a> to read more.&nbsp;</p>                                                           
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    <h1 class="cat-box-title">Centre cuts windfall tax on domestic crude oil by 65% </h1>
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                            <p style="text-align:justify">-PTI/ The Telegraph &nbsp;&nbsp;</p><p style="text-align:justify"><em>The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday</em></p><p style="text-align:justify"><em>New Delhi: </em>The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a drop in global oil prices, according to an official order.</p><p style="text-align:justify">The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut steeply to Rs 1,700 per tonne from Rs 4,900, the order dated December 15 said.</p><p style="text-align:justify">Crude oil pumped out of the ground is refined and converted into fuel like petrol, diesel and aviation turbine fuel (ATF).</p><p style="text-align:justify">The government has also cut the tax on the export of diesel to Rs 5 per litre from Rs 8 and the same on overseas shipments of ATF to Rs 1.5 a litre from Rs 5.</p><p style="text-align:justify">The new tax rates are effective from December 16.</p><p style="text-align:justify">The reduction in tax rate follows a 14 per cent slump in global crude oil prices since November.</p><p style="text-align:justify">India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies. At that time, export duties of Rs 6 per litre (USD 12 per barrel) each were levied on petrol and ATF and Rs 13 a litre (USD 26 a barrel) on diesel.</p><p style="text-align:justify">Please <a href="https://www.telegraphindia.com/business/centre-cuts-windfall-tax-on-domestic-crude-oil-by-65/cid/1904167" title="https://www.telegraphindia.com/business/centre-cuts-windfall-tax-on-domestic-crude-oil-by-65/cid/1904167">click here</a> to read more.&nbsp;</p>                                                           
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    <br><a href="https://www.telegraphindia.com/business/centre-cuts-windfall-tax-on-domestic-crude-oil-by-65/cid/1904167" class="re" target="_blank">PTI/ The Telegraph, 16 December, 2022, https://www.telegraphindia.com/business/centre-cuts-windfall-tax-on-domestic-crude-oil-by-65/cid/1904167</a><div class="clear"></div>
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Home हिन्दी

Centre cuts windfall tax on domestic crude oil by 65%

Published on Dec 16, 2022   Modified on Dec 16, 2022

-PTI/ The Telegraph    The levy on crude down to Rs 1,700 per tonne from Rs 4,900, as per order coming into effect Friday New Delhi: The government has slashed the windfall profit tax levied on domestically-produced crude oil as well as on export of diesel and ATF following a drop in global oil prices, according to an official order. The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut steeply to Rs 1,700 per tonne from Rs 4,900, the order dated December 15 said. Crude oil pumped out of the ground is refined and converted into fuel like petrol, diesel and aviation turbine fuel (ATF). The government has also cut the tax on the export of diesel to Rs 5 per litre from Rs 8 and the same on overseas shipments of ATF to Rs 1.5 a litre from Rs 5. The new tax rates are effective from December 16. The reduction in tax rate follows a 14 per cent slump in global crude oil prices since November. India first imposed windfall profit taxes on July 1, joining a growing number of nations that tax super normal profits of energy companies. At that time, export duties of Rs 6 per litre (USD 12 per barrel) each were levied on petrol and ATF and Rs 13 a litre (USD 26 a barrel) on diesel. Please click here to read more.

PTI/ The Telegraph, 16 December, 2022, https://www.telegraphindia.com/business/centre-cuts-windfall-tax-on-domestic-crude-oil-by-65/cid/1904167

Tagged with: Crude Oil windfall profit tax super normal profits

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