The Indian government announced on Monday that it has abolished the windfall tax on aviation turbine fuel( ATF), crude oil, petrol, and diesel, effective immediately....
The decision is expected to benefit major oil players like Reliance Industries and ONGC by boosting their gross refining margins—a measure of profitability in refining crude oil....
A windfall tax is an additional levy imposed on extraordinary or unexpected profits made by companies or industries....
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2024-12-02 00:00:00.0