RIL, ONGC shares recover as government scraps windfall tax on key petroleum products

Implemented in July 2022, the windfall tax targeted the substantial profits earned by oil producers amid surging global crude prices. Reliance Industries shares traded positively at ₹1,300.35 per share on Monday at 1:21 PM, up nearly 2% from the day’s low of ₹1,277.00.