UK tax plan incentivizes oil, gas producers to pump more fossil fuels Posted on May 27, 2022 by cngpump Tax bills for oil and gas producers, including the new additional 25 per cent levy on profits, can be reduced significantly with higher investment specifically in oil and gas projects. Related posts: CNG Pump Near Me In Mumbai IMF sees bumper year for Arab oil producers, risk for others India mulls $13 billion extra borrowing to offset fuel-tax cut ATGL’s revenue from operations at Rs 3,206 crore in FY22, increase of 80 per cent ‘No decision on cut in tax on ATF’ UK not ruling out energy windfall tax if investment not forthcoming: minister World shares, oil decline as EU energy ministers to meet European carmakers should wean off fossil fuels by 2040, Audi chief says Morgan Stanley’s shareholders vote against proposal on fossil fuels Imran Khan again praises India for reducing fuel prices