ONGC tanks 11% as govt introduces export duty, tax

​​​The levy on crude, which follows record earnings by state-owned Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) and private sector Cairn Oil & Gas of Vedanta Ltd, alone will fetch the government Rs 67,425 crore annually on 29 million tonne of crude oil produced domestically.

from Commodities-Markets-Economic Times
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