Windfall tax effect: ONGC, Oil India shares under pressure; is there a long-term opportunity?
ONGC and Oil India shares were under pressure on Monday after the government imposed a windfall tax on petroleum crude to Rs 1,600 per metric tonne from zero, reintroducing it after a gap of two months.
ONGC and Oil India shares were under pressure on Monday, after the government reintroduced a windfall tax on domestically-produced crude oil. | Image: Reuters