{"id":601076,"date":"2023-09-02T09:30:40","date_gmt":"2023-09-02T04:00:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=601076"},"modified":"2023-09-02T09:59:37","modified_gmt":"2023-09-02T04:29:37","slug":"ongc-oil-india-rally-up-to-6-after-government-hikes-natural-gas-price-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-oil-india-rally-up-to-6-after-government-hikes-natural-gas-price-2\/","title":{"rendered":"ONGC, Oil India rally up to 6% after government hikes natural gas price"},"content":{"rendered":"<p>Shares of state-owned oil exploration &amp; production companies, Oil and Natural Gas Corporation (ONGC) and Oil India surged up to 6 per cent on the BSE in Friday\u2019s intra-day trade after the government hiked price of domestic natural gas to $8.6 per metric million British thermal units (MMBtu). The new price, scheduled to take effect from September 1, marks an increase from the current price of $7.85 mBtu. <\/p>\n<p>Fitch Ratings, moreover, affirmed ONGC&#8217;s rating at &#8216;BBB-&#8216; with a stable outlook. Fitch expected ONGC&#8217;s upstream Ebitda over FY24-FY27 to improve, driven by increase in oil price assumptions, given lower uncertainty on demand destruction related to energy transition risks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of state-owned oil exploration &amp; production companies, Oil and Natural Gas Corporation (ONGC) and Oil India surged up to 6 per cent on the BSE in Friday\u2019s intra-day trade after the government hiked price of domestic natural gas to $8.6 per metric million British thermal units (MMBtu). The new price, scheduled to take effect from September 1, marks an increase from the current price of $7.85 mBtu. Fitch Ratings, moreover, affirmed ONGC&#8217;s rating at &#8216;BBB-&#8216; with a stable outlook. Fitch expected ONGC&#8217;s upstream Ebitda over FY24-FY27 to improve, driven by increase in oil price assumptions, given lower uncertainty on [&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-601076","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\/601076","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=601076"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/601076\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=601076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=601076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=601076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}