ONGC, Oil India and other stocks a mixed bag as govt reimposes windfall tax on locally produced crude
Earlier today, the government reimposed a windfall tax of Rs 6,400 on domestically produced crude oil applicable from April 19, 2023. It scrapped the export duty on diesel and the windfall tax on petrol and aviation turbine fuel (ATF) continues to be zero.
The government reviews these windfall taxes every fortnight - Image Source: Reuters