By Debdeep Gupta | May, 12 2026
ONGC, Oil India shares rise up to 9% as govt cuts royalty burden on oil, gas exploration
ongc and oil india shares climbed 6.6% and 9%, respectively, on may 12 after brokerage clsa termed the government's royalty cuts on crude oil and gas production as a significant positive for the two companies.in an attempt to spur india’s domestic oil and natural gas sector amid the global crude oil crisis, the indian government has rationalised royalty rates and methodologies for crude oil, natural gas, and casing head condensate. with strong







