 "oil and gas, oil, oil import")
Shares of oil companies rallied on Wednesday after the government cut windfall taxes on fuel exports on the back of falling global prices.
Petrol and diesel prices are down $40-50 per barrel from month-ago levels, Citi said on Tuesday, making a case for a review of the windfall tax announced on July 1.
CLSA had made a similar point last week, saying a crash in refining
Shares of oil companies rallied on Wednesday after the government cut windfall taxes on fuel exports on the back of falling global prices.
Petrol and diesel prices are down $40-50 per barrel from month-ago
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