ONGC, Oil India, IOC shares rise up to 2% as govt scraps windfall tax on domestic crude
The central government on Tuesday cut the windfall tax on domestically produced crude oil to ‘nil’ per tonne with effect from September 18.
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Oil India, ONGC shares fall up to 23% in September; here’s why
The BSE Oil & Gas Index has seen a correction of 7% in September, amid sharp decline in crude oil prices.
Oil stocks rise up 10%; Oil India, ONGC, HPCL lead rally
Shares of Oil India surged as much as 9.3%, while ONGC stock rallied as much as 9.5% as Brent crude oil futures edged lower.
Oil stocks tank up to 8% after cut in petrol, diesel prices; HPCL, BPCL, IOCL, GAIL, ONGC lead fall
OMCs have slashed petrol and diesel prices across the country by ₹2 per litre for the first time in two years since April 2022.
Market gives thumbs up BJP’s hat-trick in Hindi heartland; Sensex surges 1,100 pts to hit new high
Both Sensex and Nifty, along with midcap and smallcap indices, clocked fresh highs today as investors celebrated BJP’s big gains in MP, Rajasthan and Chhattisgarh.
ONGC plans to invest ₹1 lakh cr to set up petrochemical plants; stock hits 52-week high
ONGC shares have risen more than 50% from its 52-week low of ₹132.95 touched on November 22, 2022.
Oil stocks rally; BPCL, HPCL, IOC hit 52-week highs
Among other state-owned OMCs, Oil India, GAIL (India), ONGC shares surged up to 4% amid strong volume trade.
Oil stocks up as govt cuts windfall tax on petroleum cude to zero
Levy on petrol, diesel, and aviation turbine fuel has been kept unchanged at zero
Govt extends restrictions on export of petrol, diesel
Refiners must sell at least 50% of annual volume of petrol exports, 30% of diesel exports in India; move to ensure availability of refined fuel in India
Oil stocks rise on Kirit Parikh panel recommendations; IGL, IOC gain up to 4%
The S&P BSE Oil & Gas index rose as much as 1% to hit a 52-week high of 20,650 levels, led by IGL, IOC, Adani Total Gas, Reliance Industries, and GAIL (India).
