ONGC, Oil India, MRPL and Chennai Petro slip as government increases windfall tax on domestically produced crude
Windfall tax on crude: The petroleum ministry on Wednesday raised the windfall tax on domestically produced crude to Rs 6,800 per tonne from Rs 4,900 per tonne. However, the windfall tax remains zero for diesel and aviation turbine fuel (ATF). It is the fifth raise in windfall tax by the government since February.
An ONGC oil field. Photo: PTI/Representational