VERIFIEDMint Markets·12 May 2026positive

ONGC share price jumps 6.5% after govt slashes oil and gas royalty rates

AI Summary

·ONGC share price increased by 6.5% on May 12.
·The government reduced royalty rates for crude oil and natural gas.
·Offshore crude royalties decreased from 9.09% to 8%, and natural gas rates fell from 10% to 8%.