Tax twist for OMC stocks: Indian Oil, BPCL, HPCL shares in 2 Nov focus after this decision by Govt on petrol, diesel
Mint · Sharmila Bhadoria ·
Shares of IOCL, BPCL and HPCL may remain in focus after the government raised export duties on diesel and aviation turbine fuel while cutting the petrol export levy to zero for the fortnight starting October 31.
Shares of IOCL, BPCL and HPCL may remain in focus after the government raised export duties on diesel and aviation turbine fuel while cutting the petrol export levy to zero for the fortnight starting October 31.
Tax twist for OMC stocks: Shares of Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) will remain in focus on Monday following the central government’s latest decision on fuel taxation.
The central government, on Saturday, October 31, raised windfall gains tax on export of diesel and aviation turbine fuel (ATF) and slashed the levy to zero on petrol for the fortnight beginning October 31.