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ONGC, Oil India and other stocks a mixed bag as govt reimposes windfall tax on locally produced crude

ONGC, Oil India and other stocks a mixed bag as govt reimposes windfall tax on locally produced crude

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.

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Windfall tax impact: ONGC, Oil India, MRPL, Chennai Petroleum shares surge. Here's what the road ahead looks like

Windfall tax impact: ONGC, Oil India, MRPL, Chennai Petroleum shares surge. Here's what the road ahead looks like

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.

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Oil & Gas Q2 Review: Weak margins and higher input costs sink July-September quarter earnings – what should investors do?

Oil & Gas Q2 Review: Weak margins and higher input costs sink July-September quarter earnings – what should investors do?

Wed, Nov 23, 2022

Oil & Gas Q2 Review, Upstream Companies, City Gas Distributors, Oil Marketing Companies, Gas Utilities: Similarly, Upstream companies such as ONGC and Oil India reported healthy earnings in Q2, with limited gains despite the windfall tax impact on oil realisation.

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