{"id":505510,"date":"2022-07-15T09:29:58","date_gmt":"2022-07-15T03:59:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=505510"},"modified":"2022-07-15T11:13:48","modified_gmt":"2022-07-15T05:43:48","slug":"ril-ongc-gain-amid-report-govt-may-lower-windfall-tax-on-fuel-on-friday","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-ongc-gain-amid-report-govt-may-lower-windfall-tax-on-fuel-on-friday\/","title":{"rendered":"RIL, ONGC gain amid report govt may lower windfall tax on fuel on Friday"},"content":{"rendered":"<p>Shares of Reliance Industries, ONGC, and Chennai Petroleum Corporation ended up to 2 per cent higher on Thursday amid reports that the government may lower the recently implemented windfall tax on oil exporters on July 15.<\/p>\n<p>According to a Bloomberg report, Centre is considering lowering the recently implemented windfall tax as profits of fuel exporters and oil producers have dwindled due to the crash in global crude prices.<\/p>\n<p>&#8220;The measure, aimed at taxing super-normal profits on local oil production, export shipments of gasoline, diesel and jet fuel, will be reviewed at a meeting on Friday. If a cut is decided upon, it could be implemented immediately,&#8221; the report said citing unnamed officials.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Reliance Industries, ONGC, and Chennai Petroleum Corporation ended up to 2 per cent higher on Thursday amid reports that the government may lower the recently implemented windfall tax on oil exporters on July 15. According to a Bloomberg report, Centre is considering lowering the recently implemented windfall tax as profits of fuel exporters and oil producers have dwindled due to the crash in global crude prices. &#8220;The measure, aimed at taxing super-normal profits on local oil production, export shipments of gasoline, diesel and jet fuel, will be reviewed at a meeting on Friday. If a cut is decided [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-505510","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=505510"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505510\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=505510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=505510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=505510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}