ONGC, Oil India surge over 6% after govt hikes gas prices
Shares of government-owned oil companies ONGC NSE 0.34 % and Oil India surged up to 6 per cent in Monday’s trade after the central government raised prices of locally produced gas and cut a windfall tax on domestically produced crude oil.
However, stocks of Mahanagar Gas NSE 1.48 %, Gujarat Gas NSE 0.24 % and Indraprastha Gas NSE 0.49 % fell as much as 4 per cent.
