<p>New Delhi: The Ministry of Petroleum & Natural Gas (MoPNG) has asked the finance ministry to withdraw windfall tax on petroleum products, broadcaster <em>ET Now</em> reported on Monday, citing sources.</p><p>The oil ministry has sought the withdrawal due to a reduction in crude prices, the report said. </p><p>The government had cut the windfall tax on petroleum crude to 4,600 rupees ($54.97) per metric ton from 7,000 rupees per metric ton from August 1.</p>
<p>New Delhi: The Ministry of Petroleum & Natural Gas (MoPNG) has asked the finance ministry to withdraw windfall tax on petroleum products, broadcaster <em>ET Now</em> reported on Monday, citing sources.</p><p>The oil ministry has sought the withdrawal due to a reduction in crude prices, the report said. </p><p>The government had cut the windfall tax on petroleum crude to 4,600 rupees ($54.97) per metric ton from 7,000 rupees per metric ton from August 1.</p>