India’s top oil and gas producer ONGC NSE 0.76 % wants the government to scrap windfall profit tax on domestically produced crude oil and instead use the dividend route to tap into bumper earnings resulting from surge in global energy prices, reported PTI.
The company has also favoured a floor price for natural gas at USD 10 per million British thermal unit- the current government-dictated rate- to help bring deposits in challenging areas to production.
