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Higher tax may inflate cost of oil & gas hunt
Financial Express Delhi
|September 05, 2025
Net impact on coal, thermal power positive
THE INCREASE IN the GST on oil and gas EDP (exploration, development, and production) contracts from 12% to 18% could hit upstream operations by inflating production costs and creating stranded taxes, analysts feel.
The higher tax has come at a time when realisations of oil producers have weakened due to global market pressures.
However, while GST on coal has been hiked from 5% to 18%, this will be more than offset by the removal of compensation cess component (national calamity contingent duty) on the fuel.
This story is from the September 05, 2025 edition of Financial Express Delhi.
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