Windfall tax on petroleum crude hiked 84% to ₹6,000 per MT
Of the stocks included in the Nifty Oil & Gas index,13 are on the rise today, with Adani Total Gas and Oil India up 4.10% and 2.52%, respectively.
Of the stocks included in the Nifty Oil & Gas index,13 are on the rise today, with Adani Total Gas and Oil India up 4.10% and 2.52%, respectively.
Healthcare, IT, Consumer Services have highest women representation in workforce. Overall women representation in Indian workforce an appalling 19%.
In the first six months of 2024, the country's oil demand is projected to expand by an average of around 250 thousand barrels per day year-on-year.
State-owned oil marketing companies bore the brunt of high oil prices and suppressed marketing margins in FY23. Cheap Russian supply and softer crude oil prices may change the script in FY24.
ONGC shares have risen more than 50% from its 52-week low of ₹132.95 touched on November 22, 2022.
Among other state-owned OMCs, Oil India, GAIL (India), ONGC shares surged up to 4% amid strong volume trade.
The oil company has secured an order from ONGC Petro Additions Ltd (OPaL) for supply of natural gas to their mega petrochemical complex at Dahej.
This mega project will be the largest-ever investment of Indian Oil at a single location, which will improve the petrochemical intensity index of the company
The company will acquire 100% stake in Unison Enviro, the city gas distribution arm of Ashoka Buildcon, for ₹531 crore.
Brent crude oil price has fallen 9.2% in the last two days to $78.01 per barrel, the lowest level since December 12, 2022.