![Review crude windfall tax, says the Oil Ministry](https://market-tracker.in/wp-content/uploads/2022/09/123477597_gettyimages-1094171426-1.jpg)
Review crude windfall tax, says the Oil Ministry
If the finance ministry approves the oil ministry’s proposal to exempt hydrocarbon blocks that were awarded to businesses via the production-sharing contract (PSC) and revenue-sharing contract (RSC) mechanisms from the windfall taxes on domestic crude, the state-run ONGC, and the private sector company Cairn are likely to gain. The oil ministry reportedly argued that the…