{"id":660405,"date":"2026-05-12T10:34:45","date_gmt":"2026-05-12T05:04:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=660405"},"modified":"2026-05-12T10:34:45","modified_gmt":"2026-05-12T05:04:45","slug":"ongc-share-price-jumps-6-5-after-govt-slashes-oil-and-gas-royalty-rates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ongc-share-price-jumps-6-5-after-govt-slashes-oil-and-gas-royalty-rates\/","title":{"rendered":"ONGC share price jumps 6.5% after govt slashes oil and gas royalty rates"},"content":{"rendered":"<p>Oil and Natural Gas Corporation (ONGC) share price surged 6.5% on Tuesday, 12 May, after the government reduced royalty rates on crude oil and natural gas production across multiple field categories, including deepwater and ultra-deepwater blocks, to boost domestic exploration.<\/p>\n<p>The updated framework is anticipated to advantage state-owned companies ONGC and Oil India, as the royalty on onshore crude oil production has been reduced from 16.66% to 10%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil and Natural Gas Corporation (ONGC) share price surged 6.5% on Tuesday, 12 May, after the government reduced royalty rates on crude oil and natural gas production across multiple field categories, including deepwater and ultra-deepwater blocks, to boost domestic exploration. The updated framework is anticipated to advantage state-owned companies ONGC and Oil India, as the royalty on onshore crude oil production has been reduced from 16.66% to 10%.<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-660405","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/660405","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=660405"}],"version-history":[{"count":1,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/660405\/revisions"}],"predecessor-version":[{"id":660407,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/660405\/revisions\/660407"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=660405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=660405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=660405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}