Market News

TTK Prestige Ltd leads gainers in 'A' group

Oil India Ltd, Paradeep Phosphates Ltd, Lloyds Engineering Works Ltd and Oil & Natural Gas Corpn Ltd are among the other gainers in the BSE's 'A' group today, 12 May 2026.

Sensex Drops Over 770 Points as Market Breadth Weakens; Oil India and ONGC Lead Gains - Markets Mojo

Sensex Drops Over 770 Points as Market Breadth Weakens; Oil India and ONGC Lead GainsMarkets Mojo

ONGC shares rally 6% after govt cuts crude oil royalty; CLSA explains why it’s a big boost

ONGC shares surged 6% after CLSA termed the government’s decision to cut crude oil and natural gas royalty rates a major positive for upstream producers. The brokerage said the move could raise ONGC’s fair value by 7-9% and Oil India’s by 9-11%. Oil India shares also gained 7.5%, while CLSA maintained a ‘High Conviction Outperform’ rating and Rs 405 target price.

ONGC share price jumps 6.5% after govt slashes oil and gas royalty rates

ONGC share price rose 6.5% on May 12 after the government lowered royalty rates for crude oil and natural gas production, aiming to enhance domestic exploration. Offshore crude royalties decreased from 9.09% to 8%, and natural gas rates fell from 10% to 8%.

ONGC, Oil India rally up to 7%; what's driving state-owned upstream stocks?

With oil at $80/bbl, analysts at CLSA project an over 50 per cent total return on ONGC as it is pricing in $65/bbl Brent; sets target price for the oil explorer at ₹405 per share.

ONGC, Oil India shares rise 6% after CLSA flags positive read through of royalty cut

Royalty on offshore crude production has also been reduced to 8% from 9.09%, while the royalty rate on natural gas has been cut to 8% from 10% following the introduction of a new flat deduction formula.

ONGC, Oil India And Vedanta In Focus As India Cuts Onshore Crude Oil Royalty Rates

The government has reduced onshore crude oil royalty rates for nominated blocks and pre-NELP Production Sharing Contracts from 20% to 12.5%. Meanwhile, the royalty rate on New Well Gas has been reduced from 10% to 9%.

ONGC Share Price Live Updates: ONGC's beta showcases its market positioning

India cuts royalty burden on oil and gas producers in push for domestic output

India's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration and production. Deepwater and ultra-deepwater fields will see significant royalty reductions. New policies offer zero royalty for initial years in these challenging areas.

Q1 fuel losses may eliminate entire fiscal-year earnings

Despite a 50 per cent surge in input crude oil prices, petrol and diesel continue to be priced at a two-year-old rate of Rs 94.77 a litre and Rs 87.67 per litre respectively. Domestic cooking gas LPG prices were raised in March by Rs 60 per cylinder, but they are still way lower than the actual cost.

Q1 fuel losses may eliminate entire fiscal-year earnings of Indian OMCs

Since the war broke out in the Middle East 10 weeks ago, state-owned oil marketing companies (OMCs) have ensured uninterrupted supplies of petrol, diesel and cooking gas LPG at rates that are way below cost, unlike many global energy systems that imposed rationing or passed through steep price increases.

India declines Russian LNG under sanctions, talks continue on permitted cargoes, sources say

India has refused Russian liquefied natural gas shipments under United States sanctions. This decision comes amid energy supply concerns due to Middle East tensions. A Russian LNG tanker bound for India remains in limbo. India prioritizes avoiding sanctioned cargoes due to compliance risks. Russia seeks new markets for its LNG exports.