Indian Oil, BPCL and HPCL: Tweaks in Centre’s taxes can keep interest high on these stocks

The central government has changed the export tax of petrol, diesel and ATF from October 31. Duty on petrol has been reduced to zero, while tax on diesel and ATF has been increased. After this decision, Indian Oil, BPCL and HPCL shares may remain in focus on Monday, November 2.

Kolkata: Shares of Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) may remain in focus today, November 2. The central government has changed the tax levied on the export of petrol, diesel and aviation turbine fuel (ATF). The government has reduced the duty on the export of petrol to zero for 15 years starting from October 31. At the same time, the windfall gain tax on the export of diesel and ATF has been increased. This decision may have an impact on the refining business and export earnings of these companies.........

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