Page 12 - Petroleum Sector

Banking on Budget: Some key indirect tax measures govt should focus on

Having multiple GST rates not only leads to complexities in compliance and tax structure, but also does not optically make India tax-friendly and competitive globally

BPCL Q2 net profit jumps 58% to Rs 2,589.52 cr due to lower expenses

The company expects year-on-year demand growth of petroleum products, like diesel and petrol, in the March quarter

Fuel prices unchanged across cities; petrol at Rs 80.43 per litre in Delhi

Petrol and diesel prices remained unchanged across metro cities on Sunday.

India in talks to store crude in US strategic petroleum reserves: Pradhan

Dharmendra Pradhan said the two nations have signed a memorandum of understanding to begin co-operation on strategic petroleum reserves

Early signals for the fisc

The April-May figures show a sharp rise in external financing and spending on farm as well as rural India

Oil at highest since March on lower US inventories, recovering demand

Crude prices have slumped in 2020, with Brent hitting a 21-year low below $16 a barrel in April as demand collapsed

Fiscal math of the imponderables

Growth holds the key to the government's fiscal deficit slippage

Rethinking gas

India must rebalance its energy expectations away from coal

With gradual demand recovery, IOC rolls back refinery production cuts

The company on Monday said it has raised utilisation to 60 per cent, and plans to scale it up further by Month end

Covid-19: India's fuel consumption falls 46% in April, may rebound in May

Fuel consumption during March, when travel restrictions began to be imposed to curb the spread of coronavirus, stood at 16.08 million tonnes

UP hikes tax on liquor, petrol; eyes additional mop up of Rs 4,420 cr

Since petrol and diesel do not fall under GST, states enjoy considerable leverage in imposing such taxes at the local level

Trading opportunity in energy sector

Traders can benefit from price volatility in the months to come

Indian refiners export diesel to China as Beijing recovers from Covid-19

China is seeing a demand recovery in infrastructure and manufacturing sectors. Countries, like South Korea and Japan, have also placed quotes for importing petroleum products from India amid lockdown

Move petroleum to GST: The time is now

The health crisis is a moment of reckoning and an opportune time to revisit GST policy-design

India plans to fill strategic oil storage by third week of next month

India is moving the oil to the SPR to help the country's refineries reduce their excess crude as the lockdown to contain the Covid-19 outbreak has dented transportation and industrial fuel consumption

Volatility in oil prices, uncertain petroleum demand impacting Indian OMCs

An output cut, at best, will put a floor to the falling crude prices, but it may not stabilise demand-supply dynamics.

Rise in petroleum production drives core sector output to 11-month high

Grows by 5.5% in Feb, driven by petroleum production, rise in electricity output

The other casualty of Covid-19

COVID-19 will cause no less a disruption to the economy than the goods and services tax has done

RIL tumbles nearly 13% to Rs 1,113.15 on weak petroleum demand outlook

Weaker crude indicates oversupply and could be supportive of margins; howeverm if the weakness is demand-related, it could have the opposite effect on margins

Exports shrink for 3rd straight month; down 1.1% in Oct; imports fall 16.3%

Merchandise trade deficit remained relatively low at $11 billion after the $10.86-billion deficit in September