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OMC stocks feel the pinch after the Union Government raises windfall tax

The latest hike in windfall tax marks the fifth such increase since February. The move by the Indian government comes as global oil prices continue to rise amid concerns over potential disruptions in supply due to escalating geopolitical tensions. ....

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Govt reduces windfall tax on crude oil from Rs 13,000 to Rs 10,500 per tonne

These new rates would come in action from Saturday (September 17), the government notification added. ....

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