Oil & Natural Gas Corpn Ltd Share Price – NSE  / BSE

Crude Oil & Natural Gas, Mid Cap

Oil & Natural Gas Corporation (ONGC) rallied 6% to Rs 298.95 while Oil India surged 8.58% to Rs 495.70 on the BSE.

The government has reduced royalty on offshore crude oil production to 8% from 9.09%. Meanwhile, the royalty rate on natural gas production has been lowered to 8% from 10%. Additionally, royalty on onshore crude oil production lowered to 10% from 16.66%.

Royalty is the fee paid by oil and gas producers such as ONGC and Oil India to the government for extracting crude oil and natural gas from the country?s reserves. This fee is typically calculated as a percentage of the market value of the extracted oil or gas.

The reduction in royalty rates is expected to enhance profitability and support higher investment in domestic exploration and production activities.

Maharatna ONGC is the largest crude oil and natural gas company in India, contributing around 71% to Indian domestic production. The Government of India held a 58.89% stake in ONGC as of 31st March 2026.

Oil India a Maharatna CPSE of the Government of India, is engaged in exploration, development, and production of crude oil and natural gas, transportation of crude oil, and production of LPG. The government of India held a 56.66% stake in Oil India as on 31st March 2026.

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ONGC will hold a meeting of the Board of Directors of the Company on 26 May 2026.

Oil & Natural Gas Corpn Ltd is up for a third straight session today. The stock is quoting at Rs 305.25, up 1.31% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.36% on the day, quoting at 24321.3. The Sensex is at 77951.82, up 1.39%. Oil & Natural Gas Corpn Ltd has gained around 7.24% in last one month.

Meanwhile, Nifty Energy index of which Oil & Natural Gas Corpn Ltd is a constituent, has gained around 18.49% in last one month and is currently quoting at 40990.7, up 0.74% on the day. The volume in the stock stood at 199.75 lakh shares today, compared to the daily average of 210.94 lakh shares in last one month.

The benchmark May futures contract for the stock is quoting at Rs 306.2, up 1.34% on the day. Oil & Natural Gas Corpn Ltd is up 24.87% in last one year as compared to a 0.05% slide in NIFTY and a 20.59% slide in the Nifty Energy index.

The PE of the stock is 11.59 based on TTM earnings ending December 25.

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Oil & Natural Gas Corpn announced that a fire incident was reported at ~17:45 PM on 3 April 2026 at its SHP Platform, Mumbai High Asset. The situation was promptly brought under control and the fire extinguished.

10 personnel sustained minor injuries and are under medical care. All are stable.

Operations have been normalised.