Windfall Tax: $12 Margin Hit For Reliance; Govt Rakes, In Rs 1.3 Lakh Cr

The windfall taxes imposed by the government on domestic crude oil production and fuel exports will hit ONGC’s earnings severely while shaving off up to USD 12 per barrel in refining margins for Reliance Industries Ltd. The new levies will giveThe windfall taxes imposed by the government on domestic crude oil production and fuel exports will hit ONGC’s earnings severely while shaving off up to USD 12 per barrel in refining margins for Reliance Industries Ltd. The new levies will give

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