India suspends windfall tax on crude oil production

Government notification states that the windfall tax on crude oil production is being reduced from $42.50 a tonne to zero

Windfall tax: India’s Prime Minister Narendra Modi.
Windfall tax: India’s Prime Minister Narendra Modi.Photo: AFP/SCANPIX
Published 5 April 2023, 18:19Updated 11 April 2023, 16:25