Diesel Consumption Set To Touch Record High In 2018

Diesel Consumption Set To Touch Record High In 2018

Demand for diesel in India is set to hit a record in 2018 as the government targets massive infrastructure spending in the fiscal year that starts April 1, with Prime Minister Narendra Modi seeking a second term in elections in 2019.

GST Implementation May Impact IOC By Rs 4,200 Crore

GST Implementation May Impact IOC By Rs 4,200 Crore

Indian Oil Corporation (IOC), the nation’s largest fuel retailer, may have to bear an impact of Rs 4,200 crore per annum due to non-availability of input tax credit under Good Service Tax (GST) on procurement of services and capital goods, oil minister Dharmendra Pradhan said.

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