Tue, May 16, 2023
Shares of upstream companies rose up to 4 per cent during Tuesday’s session on the BSE. MRPL and Chennai Petro were up between 3-4 per cent. while ONCG and Oil India shares grew more than 1.5 and 2.5 per cent, respectively, today.
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Wed, Apr 19, 2023
Earlier today, the government reimposed a windfall tax of Rs 6,400 on domestically produced crude oil applicable from April 19, 2023. It scrapped the export duty on diesel and the windfall tax on petrol and aviation turbine fuel (ATF) continues to be zero.
Tue, Apr 04, 2023
The government has cut the windfall profit tax on domestically produced crude oil to zero and halved the levy on the export of diesel to Rs 0.50 per litre in line with softening international oil prices, according to an official order.
Mon, Apr 03, 2023
Shares of upstream firms such as ONGC,OIL,MRPL, and Chennai Petroleum Corporation gained nearly 4% on NSE, after the OPEC+, Saudi Arabia announced a surprise oil output cut on April 2
Most energy stocks such as Oil and Natural Gas Corporation (ONGC), Oil India Limited (OIL), Mangalore Refinery & Petrochemicals (MRPL), and Chennai Petroleum Corporation were in demand during Monday's trading session on the exchanges.
Mon, Mar 06, 2023
Most energy stocks were in the green during the March 6 trading session and saw a surge up to 4% after the government slashed windfall tax on export of diesel.
Oil & Gas companies such as Oil and Natural Gas Corporation (ONGC), Oil India Limited (OIL), Mangalore Refinery & Petrochemicals (MRPL), Chennai Petroleum Corporation and Reliance Industries were in the green on the exchanges during the early morning session on Monday.
Tue, Jan 17, 2023
The Centre cut windfall tax on crude to Rs 1,900 ($23.28) per tonne from Rs 2,100 per tonne, effective January 17.
Fri, Dec 02, 2022
The rise in the energy stocks (upstream companies) could mainly be attributed to the government’s move to cut the windfall profit tax on domestically produced crude oil.
Mon, Oct 03, 2022
Shares of Oil and Natural Gas Corporation, Oil India, Mangalore Refinery & Petrochemicals, and Chennai Petroleum Corporation--zoomed up to 9.5% on the BSE intraday on Oct 3 as the government cut windfall profit tax on domestic crude oil.
The government on Saturday slashed the windfall profit tax on locally produced crude oil and diesel, in line with a fall in international rates.
Wed, Aug 24, 2022
Global benchmark Brent crude settled at $100.22 a barrel, up $3.74, or 3.9%. US West Texas Intermediate crude closed $3.38, or 3.7%, higher at $93.74 a barrel.
Fri, Aug 19, 2022
The government raised the windfall profit tax on the export of diesel and brought back a tax on jet fuel exports, however, cut the levy on domestically produced crude oil in line with softening rates,
Wed, Jul 20, 2022
According to a Reuters report, India has cut a windfall tax on oil producers and refiners and exempted gasoline from an export levy, less than three weeks after it imposed the two charges
Tue, Jul 19, 2022
The oil market may tighten further as the EU’s embargo on Russian oil takes full effect by end-CY22 amidst limited OPEC+ spare capacity, the brokerage said.
Wed, Jun 29, 2022
Extending gains for the fourth session, the Indian market ended higher by around one per cent aided by positive global cues.
Tue, Jun 28, 2022
At around 12:06 PM IST, Brent crude quoted at $ 112.77 a per barrel, up 1.45 per cent. US WTI Crude futures were up 1.4 per cent at $111.25.
Mon, Jun 06, 2022
Oil companies in focus! Singapore GRM jumps more than 10 times in one year. Why the strong rally in oil companies? Know full news from Varun Dubey.
Thu, May 19, 2022
The Indian market ended marginally lower on Wednesday as it snapped a two-day winning streak to close in the red
Tue, May 10, 2022
Great opportunity to earn before Teej. Make a strategy to earn in MRPL before the results. Watch this video for more details.
Sat, Dec 04, 2021
Mangalore Refinery and Petrochemicals Ltd on Friday said it has received board approval to acquire compulsory convertible debentures worth up to Rs 1,000 crore issued by its subsidiary ONGC Mangalore Petrochemicals Limited (OMPL).
Thu, Oct 21, 2021
India`s MRPL plans to fill a part of the Mangalore strategic petroleum reserve (SPR) with Saudi oil, replacing Abu Dhabi`s Upper Zakum grade.
Sun, Jan 17, 2021
State-run oil and gas explorer ONGC's plan to complete the merger of its refining subsidiary MRPL with recently acquired HPCL to align its upstream and downstream operations into two verticals has got delayed.
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