The windfall tax, which targeted unexpected profits from domestic crude oil production, was first imposed in July 2022. As per the notification, the tax on the production of petroleum crude and the export of ATF, petrol, and diesel will no longer be levied. This move is expected to benefit oil producers and refiners such as Reliance Industries and ONGC, potentially improving their refining margins.
Shares of Reliance Industries rose following the announcement. ONGC shares closed at ₹257.65, up by 0.37%, while Reliance Industries shares closed at ₹1,310.60, up by 1.42%.
Denne historien er fra December 03, 2024-utgaven av The Morning Standard.
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Denne historien er fra December 03, 2024-utgaven av The Morning Standard.
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Interim PM urges Syrians abroad to return home
Mohammad al-Bashir says human capital needed for rebuilding the war-torn country
Digital shield: Experts to ensure cyber safety of devotees during Mahakumbh
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₹2.8K cr aid to Gujarat, yet it faces malnutrition
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Constitution at Ambedkar statue vandalised, Maha violence erupts
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BNP holds ‘long march’ against B’desh mission ‘breach’ in Agartala
BANGLADESH Nationalist Party took out a Dhaka-Agartala ‘long march’ on Wednesday against the recent \"breach of premises\" of the Bangladesh mission in Agartala.
Car collides with Raj CM convoy in Jaipur, 1 dead
AN assistant sub inspector of traffic police died and six others, including four policemen, were injured in a road accident involving Chief Minister Bhajanlal Sharma's convoy in Jaipur on Wednesday.
Pitch for Muslim among 2 Dy CMs if INDIA bloc wins
IT appears that all is not well within INDIA bloc partners in Bihar as AICC general secretary and party's co-in-charge Shahnawaz Alam on Wednesday said his party would like to have two deputy chief ministers, including a Muslim, if the coalition formed the next government in the state.
Durbar move will be restored in J&K: Omar
JAMMU and Kashmir Chief Minister Omar Abdullah on Wednesday said the disbanded Durbar Move will be restored.
Fadnavis in Delhi to sort out Maha knot on berths
Cabinet expansion may take place by Dec 14 before session starts
India cuts malaria burden by 69% in 6 yrs: WHO
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