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Taxes on oil make up a chunk of government revenue. Surging interest in electric vehicles, however, puts this under threat. Distance tax is touted as one way to offset any loss in revenue. What is it, how effective will it be, and how does it work? Mint finds out.
Jul. 22—India produced a total of 2.43 million metric tonnes (MMT) of crude oil in June 2023, compared to the same level of 2.4 MMT reported in the year-ago period,
The reliance on imported crude in the first quarter (Q1) of the current financial year (FY24) was also higher than the previous fiscal’s 87.4 per cent--the highest-ever for a full year.
India's fuel demand eased 3.7% in June month-on-month, government data showed on Friday, as monsoon rains restricted mobility…
Petrol Pump Application 2023: If you are planning to get a license for a petrol pump, then this is useful news for you. After five years, applications | BLiTZ