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Home > Businesses > Oil and Gas > Media releases

Comments of Mr AN Sinha, Essar Oil Ltd, on the Union Budget 2007-08

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February 28, 2007 Bookmark and Share  
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Impact of concession on gas distribution is a positive step. But otherwise, there is hardly any incentive or relief given to any of the segments of petroleum industry. Reduction in advalorem duty from 8% to 6% on petrol and diesel will result in marginal relief. This also has been partly eroded by increase in education cess, which adds to the cost of feedstock for refineries.

 
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