Windfall tax is a tax levied by governments on companies that have experienced unexpectedly high profits due to favorable market conditions. This type of tax is typically implemented to redistribute wealth and fund public services. Recently, the Indian government reduced the windfall tax on petroleum from Rs 8,400 to Rs 5,700 per metric tonne, effective from May 16, 2024. The reduction in windfall tax is expected to _____________.

1
boost government revenue
2
decrease fuel prices
3
impact international trade
4
affect investment strategies
5
enhance public services

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