Windfall gains tax” referred to cesses imposed on fuel exports and domestic crude oil production to tax super-normal profits of fuel exporters and oil producers. Here is what its removal may signal from the government.

The government has officially withdrawn the windfall gains tax—imposed as a Special Additional Excise Duty (SAED) on crude oil production and exports of diesel, petrol, and aviation turbine fuel (ATF)—after nearly two-and-a-half years.

Finance ministry on Monday announced the scrapping of the windfall tax or special additional excise duty (SAED) on aviation turbine fuel (ATF), crude

India has scrapped a windfall tax on crude products, aviation turbine fuel, and petrol and diesel exports, a government order said on Monday. Reuters had reported on Thursday, citing a federal government source,

Apart from taking a share of windfall profits of oil producers and fuel exporters to partly soften the blow of duty cuts on domestic petrol and diesel sales, the government also wanted to ensure enough fuel supply to meet domestic demand through these taxes.

The Indian government has abolished the windfall profit tax on domestically-produced crude oil and fuel exports, benefiting companies like ONGC, Oil I

The govt has withdrawn the Road and Infrastructure Cess on petrol and diesel exports to ease financial pressure on the oil sector

Oil and Natural Gas Corporation , Oil India, Reliance Industries among othes saw their share price rise up to 3% durng the intaday trades on Tuesday. The removal of Windfall tax by the government is l

The government has revoked the windfall tax on crude oil and fuel exports, responding to industry demands amid falling international oil prices.