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Tag: Domestic Crude Oil

Tax on petrol, diesel
Govt slaps export tax on petrol, diesel; windfall tax on domestic crude oil

The tax on exports follows oil refiners, particularly the private sector, reaping huge gains from exporting fuel to markets such as Europe and the US.

Cabinet approves deregulation of sale of domestic crude oil
Cabinet approves deregulation of sale of domestic crude oil

The condition in the production sharing contracts (PSCs) to sell crude oil to government or its nominee, or government companies shall accordingly be waived off.

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