<span style="color: #222222;">Petroleum and Natural Gas Ministry on Tuesday said that media reports stating that 'Oil Ministry seeks windfall tax review' are misleading. The reports said that the Ministry has sought changes in the levy of Special Additional Excise Duty, SAED. The Ministry clarified that the levy of SAED from 1st July this year was accompanied by Government's announcement of a mechanism of fortnightly review.<br />''<br />''Six such reviews have already taken place since the levy of SAED. Ministry said that Government has received representations and requests for clarifications regarding modalities of levy, rates, and determination of liability. <br />''<br />''It said these necessitate consultations as well as exchange of information between different Ministries including the Ministry of Finance and Ministry of Petroleum and Natural Gas. It said such consultations are an on-going process and are used to inform successive reviews.<br />''<br />''Petroleum Ministry said that selective leakage of any such communication, without knowledge of context, background or communications gives a misleading impression and provides an incomplete picture. It further said such mischievous reporting is totally uncalled for and raises doubts about the motive behind such reporting.</span><br />