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Shares of Reliance Industries tumbled over 7 per cent on Friday, with its market valuation falling by Rs 1.25 lakh crore, after the federal government imposed an export tax on petrol, diesel, and jet gasoline (ATF). The federal government on Friday slapped an export tax on petrol, diesel and jet gasoline whereas additionally becoming a member of nations just like the UK in imposing a windfall tax on crude oil produced domestically.
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