Tax twist for OMC stocks: Indian Oil, BPCL, HPCL shares in 2 Nov focus after this decision by Govt on petrol, diesel

What happened: The government raised windfall gains tax on diesel and ATF exports and cut the petrol export levy to zero for the fortnight starting October 31, putting IOCL, BPCL and HPCL shares in focus. Key numbers: Diesel SAED plus cess rose from ₹8.5 to ₹11.5 per litre. ATF duty rose to ₹11 from ₹10.5 per litre. Petrol export duty fell from ₹2.5 per litre to nil. Why it matters: Higher diesel export duty can pressure export realisations from refining operations, while the petrol duty cut would bring some relief, per the report.

The government raised windfall gains tax on diesel and ATF exports and cut the petrol export levy to zero for the fortnight starting October 31, putting IOCL, BPCL and HPCL shares in focus.

Higher diesel export duty can pressure export realisations from refining operations, while the petrol duty cut would bring some relief, per the report.