{"id":507348,"date":"2022-07-20T11:46:39","date_gmt":"2022-07-20T06:16:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=507348"},"modified":"2022-07-20T13:45:33","modified_gmt":"2022-07-20T08:15:33","slug":"refiners-upstream-cos-soar-on-windfall-tax-cut-cpcl-up-11-oil-india-8","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/refiners-upstream-cos-soar-on-windfall-tax-cut-cpcl-up-11-oil-india-8\/","title":{"rendered":"Refiners, upstream cos soar on windfall tax cut; CPCL up 11%, Oil India 8%"},"content":{"rendered":"<p>Shares of oil &amp; gas companies surged up to 11 per cent on the BSE in Wednesday\u2019s intra-day trade after the government slashed windfall tax on domestic crude oil production from Rs 23,250\/tonne to Rs 17,000\/tonne. The government also reduced additional excise duty on exports of diesel and ATF by Rs 2\/litre and additional excise duty on petrol has also been removed.<\/p>\n<p>Among the individual stocks, Chennai Petroleum Corporation (CPCL) rallied 11 per cent to Rs 296.40, Oil India gained 8 per cent to Rs 201.80, followed by Oil and Natural Gas Corporation (ONGC) up 7 per cent at Rs 136.40.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of oil &amp; gas companies surged up to 11 per cent on the BSE in Wednesday\u2019s intra-day trade after the government slashed windfall tax on domestic crude oil production from Rs 23,250\/tonne to Rs 17,000\/tonne. The government also reduced additional excise duty on exports of diesel and ATF by Rs 2\/litre and additional excise duty on petrol has also been removed. Among the individual stocks, Chennai Petroleum Corporation (CPCL) rallied 11 per cent to Rs 296.40, Oil India gained 8 per cent to Rs 201.80, followed by Oil and Natural Gas Corporation (ONGC) up 7 per cent at Rs [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-507348","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=507348"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507348\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=507348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=507348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=507348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}