ONGC, Oil India shares jump 7% on lower royalty rates

ONGC, Oil India shares jump 7% on lower royalty rates The Centre revised downward royalty rates for crude oil and natural gas, boosting profitability for producers. ONGC and Oil India surged over 7% as the move reduces their cost burden significantly. The new rates aim to enhance domestic production and reduce import dependence.
📊 STOCKS: ONGC, OILINDIA | 🏢 SECTOR: Energy | #HIGHIMPACT #Energy