However, a high and varying taxation rate with no input credit pass through are coming in the way.Â
SEATTLE (Oil Monster): A pitch for change in the taxation regime for natural gas by British Petroleum’s (BP’s) Bernard Looney comes at a time when the country has not been able to transition into a gas-based economy despite prevalence of low global prices. India has set a target of raising the share of natural gas in the energy basket to 15 per cent by 2030 from the current 6.72 per cent.
However, a high and varying taxation rate with no input credit pass through are coming in the way.
Courtesy: www.business-standard.com
| United States Crude Oil Prices | |||
|---|---|---|---|
| COMMODITY | PRICE | CHANGE | |
| Alabama Heavy Asphaltic Sour | 64.94 | -1.73 | |
| Alabama Light Sour | 72.16 | -1.92 | |
| Alabama Light Sour Womack Hill Type | 55.28 | +5.30 | |
| Alabama Light Sweet | 77.16 | -1.92 | |
| Alabama/ Florida Panhandle | 72.22 | 0.00 | |
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