New Delhi, April 9 After imposing a windfall tax on fuel exports, India has moved to cap refinery margins in an effort to offset losses on domestic fuel sales, sources said.The war in West Asia has had two prolonged impacts – a spike in international oil prices, which has led to record losses...
In New Delhi, on March 29, the applicability of newly imposed export windfall taxes on diesel and ATF shipments from Reliance Industries' SEZ refinery remains a key uncertainty following India's fuel duty overhaul, with significant implications for refining margins and government revenues...