Latest News for: Oil tax

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FG, States, LGs Share N1.123tn March Revenue

This Day 20 Apr 2024
 Import Duty, VAT, Gas Royalty, companies income tax (CIT) and others increased considerably while Excise Duty, Oil Royalty, Petroleum Profit Tax (PPT), Electronic Money Transfer Levy (EMTL) and ...
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Government eyes deregulation of fuel prices

Dawn 19 Apr 2024
In case of other products like petrol, HSD and light diesel oil, the government only notified tax rates like petroleum development levy, customs duty and sales tax, etc ... On the other hand, the oil ...
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Military Pledges Full Support as FG Seeks End to Oil Theft, Raises Output

This Day 19 Apr 2024
Christopher Musa visited the Minister of State, Petroleum Resources (Oil), Senator Heineken Lokpobiri in his office in Abuja ... Today, oil sells for over $90 per barrel ... “We cannot reduce pipeline vandalism and oil tax to the barest minimum.
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‘Aggressive’ hurricane forecast for Gulf Coast

San Saba News 19 Apr 2024
State oil, gas production his record highs in 2023 ... “As the state’s oil and gas ... Production taxes collected from the oil and gas industry pay for our schools, highways and the state’s Rainy Day Fund.”.
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Biden limits oil drilling across 13 million acres of Alaskan Arctic

The Spokesman-Review 19 Apr 2024
Yet the reserve, about the size of Indiana, is also one of the most promising onshore oil prospects in the country ... Taxes on oil and gas infrastructure have funded local schools, police officers, firefighters and sanitation services.
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Biden administration bans drilling in nearly half of Alaska petroleum reserve in sweeping win for ...

CNN 19 Apr 2024
It has proved controversial with Alaska’s bipartisan congressional delegation, as well as Alaska Native groups who say they depend on the tax revenue from oil drilling to fund schools and basic services.
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State budget surplus dollars should have served our commonwealth this legislative session

Courier Journal 19 Apr 2024
The overarching issue is the Republican-controlled legislature’s maintenance of a big surplus to justify more income-tax cuts, to reach its stated goal of abolishing the tax ... Most states have a broad variety of taxes.
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Bureau of Land Management’s draft plan sparks debate over sage-grouse conservation

St George News 19 Apr 2024
Oil/gas/renewable Energy ... A $1 decrease in the price per barrel of oil can lead to an approximate $12 million loss in revenue for states dependent on severance taxes from oil and gas production.
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As record 2.8m sign off as long-term sick, work-shy UK now faces an IMF grilling

The Daily Mail 19 Apr 2024
Under pressure. Chancellor Jeremy Hunt ... It might also be expected to meet with the Opposition leadership ... The Chancellor began the process of repairing the tax base in the budget ... She also favours clamping down on tax reliefs for North Sea oil firms ... .
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San Juan College tuition increase triggered for fourth time since 2018

Farmington Daily Times 19 Apr 2024
... the percent increase (if any) in the Consumer Price Index and the percent decrease (if any) in the sum of state funding the college receives, property tax revenues, and oil and gas production revenue.
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Fuel prices rise after ending fuel tax reduction

CyprusMail 18 Apr 2024
... oil, according to the Consumer Protection Service (CPS) ... Before the reintroduction of the consumption tax, the average prices were €1.411 for petrol, €1.508 for diesel, and €1.068 for heating oil.
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Fuel prices surge after tax reintroduction

Philenews 18 Apr 2024
Considering that the reduced consumption tax was lifted on ... Before the reintroduction of the consumption tax, the average prices were €1.411 for gasoline, €1.508 for diesel, and €1.068 for heating oil.
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Ernst & Young Joins Angola Oil & Gas (AOG) 2024 as Gold Sponsor

Capital Ethiopia 18 Apr 2024
Angola Oil&Gas returns for its fifth edition from October 2-4 under the theme, Driving Exploration and Development Towards Increased Production in Angola ... Organized by Energy Capital&Power, AOG is the largest oil and gas event in Angola.
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Labour urged to support oil and gas sector to enable green transition

AOL 18 Apr 2024
The oil and gas sector is worth ... Labour has said it would scrap investment relief in the windfall tax on North Sea producers and halt new oil and gas licenscs, but will not end any already in place.
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