Oil sector woes not addressed, firms reel under pressure

Various duties of excise on petrol and diesel remains unchanged for the oil and gas industry.   None of the demands of the industry were met   Budget provisions   The......

An unclear road map worries oil and gas sector

Budget provisions The following announcements have been proposed in the Union Budget 2014-15 Lowering excise duty on petrol, diesel, and other fuels, branded fuels. This is slightly positive for......

Budget 2013: No direct impact on petroleum products sector

Petroleum Products: Budget 2013-14 Analysis Budget provisions The following announcements have been proposed in the Union budget 2013-14: No change in the peak rate of basic customs duty of 10% for......

For refineries it's marginal benefit

The hike in custom and excise duty on crude oil and petroleum products will be passed on by the refineries as well as oil marketing companies. Budget provisions The following changes in the duties......