Extension of export curbs on petrol and diesel

-

Extension of export curbs on petrol and diesel 

Petroleum export ban by the government of India, in order avail refine fuel to domestic market, As per the notification on sunday by the government. The report is here now.

As per the Restriction on the export of diesel and petrol, implemented last year(2022), by imposing a windfall tax on refined fuel exports.

The restriction on the export have been extended! As stated by the government in the notification on Sunday.
In order to ensure the availability of refined fuels for the domestic market. 

The curbs were originally supposed to be in place till the end of financial year 2023, which ended yesterday. With No mention of how long the extension would be in the latest notification. From march this year, the windfall tax on the export of diesel was cut to its lowest of Rs.0.50 per liter and NIL on jet fuel (ATF) while the levy on domestically produced crude oil was raised marginally.

It can be mentioned here that Indian companies are exportin to countries including those in Europe that have stopped buying refined products from Russia due to its invasion of Ukraine.  


Comments

Post a Comment

Popular posts from this blog

McDonald's Corporation: The World's Leading Fast Food Chain [Case Study]

-
Image
Mc Donalds: The untold truth  Table Of Contents Imagine that you are a modest salesman  wake up in the morning  pick up the goods  and sell goods to people from place to place.  But you also go to the place  people refuse to buy goods from you  tried a lot, but nothing was sold  the condition became very bad.  So bad that just a few more days  and after that the house will have to be mortgaged  what will you do  is there any way  do not understand anything  Anxiety is happening, feeling scared  what will happen next, do not know  where to go, do not know  if nothing is done soon then everything will end.  Ray Kroc  The mastermind behind the largest food company  McDonalds  Very late but this opportunity came in his life  when he turned 52  no one even though in his dream  that a 52-year-old modest salesman  who used to sell milkshake making machine  by wandering from door to door.  One day create the world's biggest fast-food company  but  what if
Read more

End of Reebok?

-
What happened to Reebok?  Year 2005, Adidas acquires  Reebok in $3.5 billion.  And in year 2021, the  same Adidas sells the same  Reebok to Authentic  Brands Group in $2.7 billion.  Such a brand whose name was  on the bat of our Indian cricket team.   Such a brand from which  we used to have craze,  today, no one cares about that .  But how did this happen? (Pic-popularity of re..)  Today, we don't even think of the brand  Reebok which was famous worldwide.  Maybe Reebok was not  compete with other shoes brands.  That's why it failed.  But, there is nothing like this.  And you will be surprised that  once, Reebok had surpassed Nike.  Nike, which is that biggest   sportswear brand in the world.  And not just that,  there was a time  when Reebok has 50%  share market of Indian market.  But still, the Reebok which used to  dominate sportswear equipment market  today, it has disappeared.  And this thing puts two  questions in front of us. No. 1 - Was Reebok just a bubble? Or d id
Read more