Shares of Oil and Pure Gasoline Company Restricted climbed to a day excessive of Rs 299.30 on NSE on 12 Could, rising 6.60% intraday, after the Ministry of Petroleum and Pure Gasoline notified revised royalty charges on crude oil and pure gasoline manufacturing that straight lower prices for India’s state-run upstream producers.
The notification, issued on 8 Could, lowered the onshore crude oil royalty to 12.5% from 20% for nominated blocks operated by firms similar to ONGC and Oil India, a discount of seven.5 share factors on an advert valorem foundation calculated on the well-head value. Offshore crude now attracts 8%, eased from round 9% beforehand. For pure gasoline, the headline price drops to 9% from 10%, with a brand new flat deduction components bringing the efficient price down additional to round 8%, that means the precise saving runs deeper than the headline lower alone suggests.
Oil India jumped onerous on the identical information. The Duliajan-based upstream producer was up round 9% intraday on 12 Could in opposition to a earlier shut of Rs 455.10 on Monday.
Petroleum Minister Hardeep Singh Puri described the revision as a ‘new period’ for India’s oil and gasoline regulatory regime. He mentioned the transfer follows the 2025 amendments to the Oilfields (Regulation and Improvement) Act and removes inconsistencies that had constructed up throughout totally different royalty frameworks through the years. Producers may additionally profit from GST-linked financial savings which will enhance undertaking economics by an additional 18%, per the federal government’s assertion.
ONGC’s 52-week excessive stands at Rs 307.50, touched on 29 April 2026. Its 52-week low was Rs 228.61, hit on 17 December 2025. The inventory is up 25.77% year-to-date. At 11:24 am on 12 Could, ONGC was buying and selling at Rs 298.15 on the NSE, up 6.10% on the day.
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