India to Consider Scrapping Windfall Tax on Crude Oil ...Middle East

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India to Consider Scrapping Windfall Tax on Crude Oil
India’s Finance Ministry will consider a proposal to ditch the windfall tax on domestic crude oil production, amid much lower prices compared to when the levy was introduced in 2022, a senior government official said on Wednesday. “Finance ministry will take a view ...I think petroleum ministry has already written to them,” Tarun Kapoor, advisor to Prime Minister Narendra Modi, said today, as carried by Reuters. The Indian Oil Ministry has asked the country’s Finance Ministry to consider scrapping the windfall tax on crude…

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