Windfall tax on crude petroleum reduced to Rs 1,850/tonne

The Indian government has announced a reduction in the windfall tax on domestically-produced crude oil from Rs 2,100 to Rs 1,850 per tonne, effective from August 31, 2024. The special additional excise duty on the export of diesel, petrol, and jet fuel continues to be 'nil'. The tax rates are reviewed every fortnight based on recent oil price trends.

Malaysian government details proposed increase in CPO export tax

agricensus.com - 21/Oct 12:00

Malaysia's Ministry of Finance (MoF) released an appendix late on Friday October 18 evening detailing its proposed revision of the export duty rates...

Russia’s sunflower oil export duty rises above zero for first time in 18 months

agricensus.com - 25/Oct 15:52

Russia’s sunflower oil export duty has risen above zero for the first time in 18 months, while the sunflower meal export duty has reached its...

Northern Governors Reject Proposed Tax Bill That Exempts Oil and Gas Exports, Agriculture, Others from VAT

naija247news.com - 31/Oct 02:09

A proposed new tax legislation seeks to provide Value Added Tax (VAT) exemptions to oil and gas exports, crude petroleum oil and feed gas for all...

Soybean commentary: Futures up on rising export demand, crude oil gains

agricensus.com - 21/Oct 19:14

Soybean futures climbed on the Chicago Mercantile Exchange on Monday October 21, supported by stronger demand for US grains and by higher crude oil...

Vegoils commentary: CPO up on good export prospects; CME soyoil bounce back

agricensus.com - 21/Oct 19:21

Crude palm oil (CPO) futures rebounded from losses on Friday October 18 to end in positive territory on Monday October 21, supported by gains in the...

5% Excise Tax: Telcos Will Soon Die Like NITEL — MTN CEO, Toriola

akelicious.net - 23/Oct 04:00

Chief Executive Officer, CEO of MTN, Mr Carl Toriola has warned that the latest attempt to reintroduce the 5% excise tax on telecom services will put...

Indonesia sets CPO reference price for Nov at $961.97/t

agricensus.com - 31/Oct 08:30

Indonesia has set its crude palm oil (CPO) reference price for November at $961.97 per tonne, according to a circular issued by the Ministry of Trade...

Dangote Refinery Dismisses Allegation Of High Petrol Price

akahinews.org - 03/Nov 01:02

Dangote Refinery has dismissed the allegation of selling Premium Motor Spirit, PMS, also known as petrol at between N1, 015 and N1, 028/litre, as fake...

Israel-Iran: A Strike On Oil Assets Could Impact Oil Prices – OpEd

eurasiareview.com - 21/Oct 23:04

The ongoing tensions between Israel and Iran have escalated dramatically in recent weeks, particularly following Iran's missile strikes on Israel....

Why Libyan Oilfields Are Opening Now: Navigating The Central Bank Crisis – OpEd

eurasiareview.com - 22/Oct 16:41

The crisis in Libya began in August 2024, with ongoing efforts by various factions to gain control of the Central Bank of Libya (CBL) posing a clear...

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