They stated they’d take the transfer if the common value of oil fell to or under 71.40 {dollars} per barrel for 2 consecutive quarters, and the common value of fuel fell to below 54p.
The windfall tax was first introduced a yr in the past to make sure that oil and fuel corporations had been paying what they owe and never benefiting unduly from Vladimir Putin’s conflict in Ukraine.
Oil and fuel costs soared after the Russian president launched a full-scale invasion, bent on taking Kyiv in simply three days.
