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petroleum ministry

15 Dec 2015

Oil Ministry pitches for ad-valorem levy of oil cess

The Petroleum Ministry wants the Finance Ministry to cut cess on crude oil and make it ad valorem in view of the slump in global oil rates, Oil Minister Dharmendra Pradhan said Tuesday.

Cess on crude oil

24 Nov 2015

Pradhan favours crude cess reduction, says talking to Finanace Ministry

The Petroleum Ministry is talking to the Finance Ministry on reducing the cess that the industry has been seeking since the steep fall in crude prices beginning June 2014, Union Minister Dharmendra Pradhan said today.

20 Oct 2015

Oil & gas industry seeks slashing of cess on crude

The Association of Oil and Gas Operators, which is made up for over two-dozen members including Reliance Industries, ONGC, Cairn, BP, BG, BHP and Essar, has written to Oil Secretary, demanding ad-valorem rate of cess instead of current Rs 4,500 per tonne cess.

07 Oct 2015

Cairn India seeks cut in cess on crude as oil prices halve

Cairn India has asked government to cut the cess levied on crude oil produced from its Rajasthan fields as the levy was taking away nearly a fifth of revenue at a time when oil prices have halved.

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