Oil stocks in focus: HPCL, BPCL, ONGC, others gain after govt cuts windfall tax on domestic crude
Oil and gas stocks in focus Oil and gas stocks rose in a weak market on Monday after the government slashed windfall tax on domestic crude oil and exports of Aviation Turbine Fuel (ATF).
The government on Friday cut windfall tax levied on locally- produced crude oil from Rs 13,300 per tonne to Rs 10,500 per tonne. Source: Reuters