India imposes $8.3 billion windfall tax on oil producers

New levy imposed ‘by way of special additional excise duty’ and follows sharp rise in international oil prices

Curbing deficit: India’s Prime Minister Narendra Modi
Curbing deficit: India’s Prime Minister Narendra ModiPhoto: AFP/SCANPIX
Published 4 July 2022, 10:27Updated 6 July 2022, 14:08
IndiaONGCReliance IndustriesNarendra ModiCairn Oil & Gas