The reimposed windfall export taxes on diesel and aviation turbine fuel (ATF) will not apply to Reliance Industries Ltd's SEZ refinery due to judicial rulings, a senior official said on Thursday. Effective March 26, the government revised fuel levies, reintroducing export duties of Rs 21.50 per litre on diesel and Rs 29.50 per litre on ATF, while keeping petrol exports exempt. The move coincided with a Rs 10 per litre cut in excise duty on petrol and diesel. Initially, it was not clear if exports from Reliance's special economic zone (SEZ) refinery - one of the largest contributors to India's refined product exports - would retain exemptions similar to those under the 2022 windfall tax regime. "As per judicial prouncements on this issue, the special additional excise duty and additional excise duty are not applicable on SEZ refineries," Jainendra Singh Kandhari, Joint Secretary in the Tax Research Unit (TRU-1) of the Department of Revenue, said at a media briefing. The government .
Nomura believes oil marketing companies (OMCs) are likely to face margin pressure after the government raised prices of aviation turbine fuel (ATF) and commercial liquefied petroleum gas (LPG)
RIL shares fell 4% after the govt imposed export duty on petrol and diesel. Here's why it impacts margins, stock outlook, and what analysts recommend.
RIL shares fell 4% after the govt imposed export duty on petrol and diesel. Here's why it impacts margins, stock outlook, and what analysts recommend.
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Analysts have revised their forecasts for oil & gas prices for the remaining part of 2026 as developments in West Asia continue to unfold.
Earlier this week, a Reuters report said Reliance had purchased over 5 million barrels of Iranian crude from the National Iranian Oil Company, though delivery timelines remained unclear
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The Trump administration on Friday issued a 30-day sanctions waiver for the purchase of Iranian oil already at sea
Oil prices rose after Iran attacked several energy facilities across West Asia following a strike on its South Pars gas field, a major escalation in Tehran's war with the US and Israel
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RIL signed a binding long-term agreement with South Korea's Samsung C&T to supply green ammonia for 15 years
The brokerage noted that upstream players benefit from stronger realisations, while integrated players, such as Reliance, can be supported by stronger refining and petrochemical economics
Motilal Oswal has reiterated 'Buy' with a target of ₹1,750, noting that if current supply disruptions persist through the first half of FY27, there could be an 8.5 per cent upside to RIL's Ebitda
As many as 34 out of the 40 constituent stocks were trading in the green, while six were in the red
US President Donald Trump announces a Reliance-backed refinery project in Texas under a $300 billion deal, months after India and the US signed a major bilateral trade pact
Analysts believe Texas refinery deal could be a positive for Reliance given the current geopolitical environment; however, await for more clarity as the company is yet to issue an official statement.
Mahanagar Gas (MGL) and Indraprastha Gas (IGL) are less vulnerable compared to Gujarat Gas, according to Nomura
Reliance Industries is taking proactive steps and in line with the government guidelines, the company said in a statement
Reliance Industries says it will maximise LPG output at its Jamnagar refinery complex and divert KG-D6 basin gas to priority sectors to support stable domestic fuel supplies