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Windfall Tax

Government may levy windfall oil tax on ONGC to soften fuel prices

The tax, which may come in form of a cess, will kick in the moment oil prices cross USD 70 per barrel, sources privy to the development said.

May 24, 2018, 13:22 PM IST

ONGC seeks windfall tax on crude oil

Oil and Natural Gas Corp (ONGC) has sought levy of windfall tax on crude oil price of over USD 60 per barrel to pay for fuel subsidies.

Dec 13, 2009, 12:57 PM IST