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Chemicals: Remove customs duty on LNG, Naphtha

Indian chemical industry has an output of around USD 80 billion and ranks 12th in the world. The chemical industry which includes basic chemicals and its products, petrochemicals fertilizers,......

Transportation costs of petrochemicals may go up

Budget provisionThe following changes in the duties have been proposed in the Union budget 2009-10:Excise duty on naphtha to be reduced to 14%.Excise duty on PTA and DMT to be increased from 4% to......

Chlor alkali: Select few will benefit

Some chlor alkali producers using naphtha as feedstock for captive power plant will benefit from cut in the excise duty on naphtha from 16% to 14%.Budget provisionsThe following changes in the......

Chemical sector seeks a slew of sops

Hike import duty on finished products; Rationalize excise Duty on Molasses to 8% ad valorem or Rs. 375/PMT and on Naphtha to 8%, cut corporate tax to 25%, service tax to 5%.Current statusChemical......

Extend tax holiday to refineries, govt told

Extend tax holiday for refineries in private sectors, reduce excise duty on Naphtha from 16%, exempt excise duty for captive consumption of intermediate products within the refinery for manufacture......
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Downstream PSUs to report subdued numbers

Tarun Lakhotia Earnings for energy sector companies in 4QFY18 are expected to be (1) robust for upstream PSUs given higher global crude prices and... ...

http://www.mydigitalfc.com/fc-supplements/invest/downstream-psus-report-subdued-numbers
India#39;s fuel demand rose 7.7 percent in February

Cooking gas or liquefied petroleum gas (LPG) sales increased 7.9 percent to 1.95 million tonnes, while naphtha sales fell 10.7 percent to 0.96... ...

https://www.moneycontrol.com/news/business/india39s-fuel-demand-rose-77-percentfebruary_10626061.html
CPCL's Rs 3,110 Cr Residue Upgradation Project goes on stream

Union Petroleum Minister Dharmendra Pradhan today formally launched the Rs 3,110 crore residue upgradation project of Indian Oil Group company,... ...

http://www.business-standard.com/article/pti-stories/cpcl-s-rs-3-110-cr-residue-upgradation-project-goes-on-stream-118022700304_1.html

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