RIL, ONGC jump as India considers lowering windfall tax
Updated: 14 Jul 2022, 01:39 PM IST
TL;DR.India is considering lowering the recently implemented windfall tax as profits of fuel exporters and oil producers are dwindling due to the crash in global crude prices, according to people familiar with the matter.
FILE PHOTO: Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS/Chris Helgren