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Total 6 results found. Search for [ Barclays on hike in fuel taxes ]

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BusinessToday.In
December 11, 2020
As per Barclay's estimates, a $10/barrel change (increase) in global crude oil prices will imply a Rs 5.8/litre rise in retail fuel prices which would add 34 basis point to headline inflation over three-six months, assuming no change to petroleum taxes


BusinessToday.In
New Delhi, May 6, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


Chitranjan Kumar
New Delhi, May 6, 2020
Weighed down by excise duty hike, shares of oil marketing companies, BPCL, Indian Oil and HPCL, tumbled up to 13 per cent in intraday trade on the Bombay Stock Exchange on Wednesday


BusinessToday.In
New Delhi, May 6, 2020
The steepest ever hike in excise duty by Rs 13 per litre on diesel and Rs 10 per litre on petrol last night, has catapulted India as the country with the highest taxes on fuel around the world; Asserting that the United States has flattened the curve on coronavirus, President Donald Trump said on Tuesday the country is now in the next stage of the battle, which is a \"very safe phased and gradual reopening\"; Eight candidate vaccines have entered the human clinical trials and another 100 candidates are in preclinical evaluation to find a permanent cure for Coronavirus, the World Health Organisation (WHO) has said. Watch this and more on News blast.Also Read: Tax hike on petrol, diesel to add Rs 1.4 lakh crore to govt's kitty: Barclays


Aprajita Sharma
May 6, 2020
While revenues coming out of road cess will only go to the Centre, it will share some revenues out of excise duty hike with state governments


Reuters
March 5, 2016
Oil prices have dropped nearly 70 per cent in the past 20 months, driven down by a glut in supply. All countries have access to the same oil prices on international markets, but retail gasoline prices vary wildly, largely because of the taxes and subsidies imposed on them.


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