{"id":524959,"date":"2022-09-27T09:35:47","date_gmt":"2022-09-27T04:05:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=524959"},"modified":"2022-09-27T09:49:48","modified_gmt":"2022-09-27T04:19:48","slug":"oil-india-sees-healthy-profit-in-september-qtr-despite-windfall-tax","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-india-sees-healthy-profit-in-september-qtr-despite-windfall-tax\/","title":{"rendered":"Oil India sees &#8216;healthy&#8217; profit in September qtr despite windfall tax"},"content":{"rendered":"<p>Oil India Ltd is expecting a &#8220;healthy profit&#8221; for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at India&#8217;s state-run oil producer, said on Saturday.<\/p>\n<p>India imposed a windfall tax on oil producers in July amid claims the industry was making abnormal profits due to a spike in global crude prices. The tax has been reduced from 23,250 Indian rupees ($286) per tonne to 10,500 rupees per tonne to reflect a fall in global oil prices.<\/p>\n<p>The windfall tax has averaged around $25-$26 per barrel during the quarter, leading to Oil India realising $80 a barrel, Madhav told a news conference.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil India Ltd is expecting a &#8220;healthy profit&#8221; for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at India&#8217;s state-run oil producer, said on Saturday. India imposed a windfall tax on oil producers in July amid claims the industry was making abnormal profits due to a spike in global crude prices. The tax has been reduced from 23,250 Indian rupees ($286) per tonne to 10,500 rupees per tonne to reflect a fall in global oil prices. The windfall tax has averaged around $25-$26 per barrel during the quarter, leading [&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-524959","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\/524959","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=524959"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/524959\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=524959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=524959"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=524959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}