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price of crude oil
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Government scraps windfall tax on petrol, diesel, and ATF exports
The windfall tax was introduced in July 2022 when the Russia-Ukraine war and Western sanctions lead to surging crude oil prices, hugely profiting oil companies

India reduces import of Russian crude oil over pricing
The development has coincided with reports of more than a dozen Russian tankers being diverted from India since December

Govt cuts windfall profit tax on crude oil, hikes levy on export of diesel, ATF
The tax on crude oil produced by firms such as state-owned Oil and Natural Gas Corporation (ONGC), was cut to ₹9,500 per tonne from ₹11,000, beginning November 2, a government notification showed.

Retail prices of petrol, diesel may not be cut due to volatile oil market
International oil prices are volatile. Benchmark Brent that fell to $88 a barrel on Wednesday -- lowest in about seven months – and remained below $90 on Thursday at $89.15 per barrel on demand concerns (Chinese slowdown and tightening of global interest rates).

Relief to refiners: Crude oil import price falls below $100 in Aug 1st week
According to official data, India’s average petrol price benchmark in the first week of August fell 27% to $108.78 per barrel compared to the average monthly peak in June at $148.82 a barrel.
