Oil companies largely trade in green despite govt's windfall gains tax hike
The Indian government has raised its windfall tax on petroleum crude to 9,600 rupees ($114.99) a metric ton from 6,800 rupees with effect from April 16, the government said on Monday.
In the early trade at around 9:27 am, Chennai Petroleum traded higher by 0.44 per cent, MRPL with gains of 1.1 per cent, RIL up by 0.05 per cent, ONGC traded higher by 1.16 per cent, while Oil India traded with a cut of 0.25 per cent.