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Higher tax may inflate cost of oil & gas hunt

Financial Express Kochi

|

September 05, 2025

Net impact on coal, thermal power positive

- ARUNIMA BHARADWAJ

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.

FLERE HISTORIER FRA Financial Express Kochi

Financial Express Kochi

Print-a-gadget

3D printing is increasingly being adopted by companies, Apple being the latest

time to read

3 mins

November 23, 2025

Financial Express Kochi

Tokyo travel guide: What to do, eat & where to stay

Visiting Tokyo for the first time can feel like stepping into the future and the past at once

time to read

2 mins

November 23, 2025

Financial Express Kochi

WH prepares tariff fallback ahead of Supreme Court ruling

PRESIDENT DONALD TRUMP'S administration is working behind the scenes on fallback options if the Supreme Court strikes down one of his major tariff authorities, looking to replace the levies as quickly as possible.

time to read

1 min

November 23, 2025

Financial Express Kochi

Kissing has existed for at least 16 million years, scientists say

And humans are far from the only species locking lips

time to read

2 mins

November 23, 2025

Financial Express Kochi

Repatriating culture

LOST, FOUND, OR STOLEN — populations across the globe draw their histories and origins from the artifacts that the generations prior left behind. Where they come from and where they end up over the centuries are often two separate stories. Last week, Pope Leo the XIV announced that the Vatican would be returning 62 artifacts that originally belonged to a host of indigenous communities based in Canada. The recent past has seen a variety of conversations on the real heritage of artifacts and where they ought to be displayed.

time to read

3 mins

November 23, 2025

Financial Express Kochi

'US peace plan for Ukraine needs work'

EU, G7 say borders must not be changed by force

time to read

2 mins

November 23, 2025

Financial Express Kochi

The carb conundrum

IF YOU FIND homely comfort in a meal of rice, roti, dal and veggies, for all its simplicity and popularity, think again.

time to read

5 mins

November 23, 2025

Financial Express Kochi

We welcome the strange voice

newspapers were forged in the furnace of the freedom struggle. Not many people would have imagined that 78 years after Independence they would have to invent the phrase godi media. Even as readers and viewers desert them in the thousands, many newspapers and channels flourish thanks to government patronage.

time to read

2 mins

November 23, 2025

Financial Express Kochi

Byju must pay over $1 bn

BYJU'S ALPHA WAS incorporated when Raveendran was running the management of edtech firm Think and Learn (TLPL), which operated under Byju’s brand name.

time to read

2 mins

November 23, 2025

Financial Express Kochi

A land far away

Stories that bring to life the world of Tangkhul Nagas of Manipur

time to read

3 mins

November 23, 2025

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