ASX:ORG

Santos Share Price in Focus After Australia Flags Windfall Gas Tax as Oil Jumps
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Santos Share Price in Focus After Australia Flags Windfall Gas Tax as Oil Jumps

Santos closed down 0.5% at A$7.98 on March 20 after reports Prime Minister Anthony Albanese asked Treasury to model a windfall gas profits tax. LNG prices have doubled since February amid Middle East tensions, with Australia exporting A$65 billion of LNG last year. The Petroleum Resources Rent Tax is under renewed scrutiny ahead of the May budget. Brent crude rose 3.26% to $112.19 a barrel Friday.
March 22, 2026

Stock Market Today

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