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Make in India boost, oil cess may be halved

Make in India boost, oil cess may be halved
Make in India boost, oil cess may be halved
Last Updated: Wed, Jan 27th, 2021, 08:26:36hrs
New Delhi:The government may give a Make in India push to oil and gas explorers, as it is considering a proposal to almost halve cess on domestic crude oil to encourage exploration activity and allow Covid-hit oil producers to protect their margins.
The glut in the oil market and deep suppression of demand during the peak of pandemic in 2020 had pushed down crude oil prices to unprecedented levels. Though crude prices have recovered over the vaccination drive against Covid and a pick in demand coupled with unilateral production cut announced by Saudi Arabia, cess puts domestic crude at a disadvantage against imported oil. ....

Sunil Duggal , Cairn Oil , Vedanta Ltd , Union Oil Ministry , Oil Industry Development , Union Budget , Finance Ministry , Safety Officer , Oil Industry , Cairn India , Reliance Industrie , சுனில் டுக்கள் , கெய்ன் எண்ணெய் , வேதாந்தா லிமிடெட் , தொழிற்சங்கம் எண்ணெய் அமைச்சகம் , எண்ணெய் தொழில் வளர்ச்சி , தொழிற்சங்கம் பட்ஜெட் , நிதி அமைச்சகம் , பாதுகாப்பு அதிகாரி , எண்ணெய் தொழில் , கெய்ன் இந்தியா , நம்பகத்தன்மை தொழில் ,

Make in India boost, oil cess may be halved

Make in India boost, oil cess may be halved
© Provided by Zee Business
The government may give a `Make in India` push to oil and gas explorers, as it is considering a proposal to almost halve cess on domestic crude oil to encourage exploration activity and allow Covid-hit oil producers to protect their margins.
The glut in the oil market and deep suppression of demand during the peak of pandemic in 2020 had pushed down crude oil prices to unprecedented levels. Though crude prices have recovered over the vaccination drive against Covid and a pick in demand coupled with unilateral production cut announced by Saudi Arabia, cess puts domestic crude at a disadvantage against imported oil. ....

Saudi Arabia , Sunil Duggal , Cairn Oil , Vedanta Ltd , Union Oil Ministry , Oil Industry Development , Union Budget , Reliance Industries , Finance Ministry , Safety Officer , Oil Industry , Cairn India , சவுதி அரேபியா , சுனில் டுக்கள் , கெய்ன் எண்ணெய் , வேதாந்தா லிமிடெட் , தொழிற்சங்கம் எண்ணெய் அமைச்சகம் , எண்ணெய் தொழில் வளர்ச்சி , தொழிற்சங்கம் பட்ஜெட் , நம்பகத்தன்மை தொழில்கள் , நிதி அமைச்சகம் , பாதுகாப்பு அதிகாரி , எண்ணெய் தொழில் , கெய்ன் இந்தியா ,

'Make In India Boost': Domestic Oil Cess May Be Halved To Encourage Exploration Activities

âMake In India Boostâ: Domestic Oil Cess May Be Halved To Encourage Exploration Activities
An oil refinery
The government may give a Make in India push to oil and gas explorers, as it is considering a proposal to almost halve cess on domestic crude oil to encourage exploration activity and allow Covid-hit oil producers to protect their margins.
The glut in the oil market and deep suppression of demand during the peak of pandemic in 2020 had pushed down crude oil prices to unprecedented levels. Though crude prices have recovered over the vaccination drive against Covid and a pick in demand coupled with unilateral production cut announced by Saudi Arabia, cess puts domestic crude at a disadvantage against imported oil. ....

Saudi Arabia , Sunil Duggal , Cairn Oil , Vedanta Ltd , Union Oil Ministry , Oil Industry Development , Union Budget , Finance Ministry , Safety Officer , Oil Industry , Cairn India , Reliance Industrie , Make In India , Oil Cess , சவுதி அரேபியா , சுனில் டுக்கள் , கெய்ன் எண்ணெய் , வேதாந்தா லிமிடெட் , தொழிற்சங்கம் எண்ணெய் அமைச்சகம் , எண்ணெய் தொழில் வளர்ச்சி , தொழிற்சங்கம் பட்ஜெட் , நிதி அமைச்சகம் , பாதுகாப்பு அதிகாரி , எண்ணெய் தொழில் , கெய்ன் இந்தியா , நம்பகத்தன்மை தொழில் ,