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Restore tax breaks for oil, gas producers: Deora writes to PM

With Petroleum and Natural Gas Minister Murli Deora petitioning Prime Minister Manmohan Singh for restoration of tax breaks for producers of oil and gas, the final call on the issue is likely to be taken by the Union Cabinet. A decision is expected before June 30, the last date for submission of bids under the New Exploration Licensing Policy (NELP) round VII.