Скачать или смотреть Oil Sector Demands Tax Cuts & LNG Duty Removal in 2026 Union Budget | Nirmala Sitharaman | 4K

India's $433.8 billion oil and gas industry urged tax relief including lower GST rates at 5% on crude oil, natural gas, pipeline materials, CNG and biogas, plus full compensation for Rs 30,000 crore LPG under-recoveries and removal of the 2.5% LNG import duty ahead of Budget 2026-27 presentation to boost domestic exploration, simplify taxation and cut compliance burdens amid 80% crude import dependency. Sector leaders like Oilmax Energy's Kapil Garg seek petroleum's GST inclusion especially natural gas and ATF, harmonized royalty structures across regimes, infrastructure status for better financing, and reduced cess on oilfield equipment now hiked to 18% as the government pushes a gas-based economy through deregulation.

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