Tax cut for oil cos but realizations muted1 min read 22 Aug 2022, 01:53 AM IST
Falling crude oil prices have prompted the government to cut the windfall tax
NEW DELHI : Domestic crude oil producers received some respite from the government during the third fortnightly review of the windfall gains tax last week. Producers will have to pay a lower windfall tax of ₹13,000 per tonne on the sale of oil compared to ₹17,500 a tonne during the previous fortnight.
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