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Project News Details

Title:

Abolish OID cess on pre-NELP, nomination blocks: Oil industry's Budget wishlist

Detail:

While the shift to an ad-valorem structure was intended to provide relief Federation of Indian Petroleum Industry said the 20% rate has proved excessive, noting that historically the cess has ranged 8-10% of crude prices.

Country:

India

Source:

ET Energy World

Published Date:

14.01.2026

URL:

View Original URL

Regions:

Asia SAARC Countries South Asia

Sectors:

Building Non-Renewable Energy Oil and Gas Construction Energy-Power and Electrical Computer Hardwares and Consumables Industry Building Material

Project News Details

Title	Abolish OID cess on pre-NELP, nomination blocks: Oil industry's Budget wishlist
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Detail	While the shift to an ad-valorem structure was intended to provide relief Federation of Indian Petroleum Industry said the 20% rate has proved excessive, noting that historically the cess has ranged 8-10% of crude prices.
Country	India
Source	ET Energy World
Regions	Asia SAARC Countries South Asia
Sectors	Building Non-Renewable Energy Oil and Gas Construction Energy-Power and Electrical Computer Hardwares and Consumables Industry Building Material
Published Date	14.01.2026
Original Url	Original Url
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Title
Abolish OID cess on pre-NELP, nomination blocks: Oil industry's Budget wishlist
Detail
While the shift to an ad-valorem structure was intended to provide relief Federation of Indian Petroleum Industry said the 20% rate has proved excessive, noting that historically the cess has ranged 8-10% of crude prices.
Country
India
Source
ET Energy World
Regions
Asia SAARC Countries South Asia
Sectors
Building Non-Renewable Energy Oil and Gas Construction Energy-Power and Electrical Computer Hardwares and Consumables Industry Building Material
Published Date
14.01.2026
Original Url
View Original Url
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Abolish OID cess on pre-NELP, nomination blocks: Oil industry&#039;s Budget wishlist

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Abolish OID cess on pre-NELP, nomination blocks: Oil industry's Budget wishlist

Abolish OID cess on pre-NELP, nomination blocks: Oil industry's Budget wishlist