ONGC Share Price Live Updates: ONGC Trading Dynamics
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Time of India
17 hours ago
- Time of India
ONGC Share Price Live Updates: ONGC's three-month performance shows a downturn
01 Jul 2025 | 09:27:45 AM IST Stay informed with the ONGC Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on ONGC, including: Last traded price 244.29, Market capitalization: 307223.0, Volume: 967665, Price-to-earnings ratio 8.5, Earnings per share 28.74. Our liveblog combines fundamental and technical insights to provide a holistic view of ONGC's performance. Stay ahead of the market with breaking news that can influence ONGC's trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the ONGC Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 09:27:45 AM IST, 01 Jul 2025 Show more
Time of India
18 hours ago
- Time of India
Govt fixes domestic natural gas price at $6.89 per mmBtu for July
New Delhi: The government on Monday fixed the price of domestic natural gas at $6.89 per million British thermal units (mmBtu) on gross calorific value (GCV) basis for the month of July 2025, according to a notification issued by the Petroleum Planning and Analysis Cell (PPAC) under the Ministry of Petroleum and Natural Gas. The pricing has been determined in accordance with the MoPNG Notification No. L-12015/1/2022-GP-II dated April 7, 2023, which prescribes the procedure for revision of domestic gas prices. As per Paragraph 4 of the same notification, the gas produced by ONGC and OIL from their nomination fields will be subject to a ceiling of $6.75 per mmBtu on GCV basis during the same period. The revised pricing is applicable from July 1 to July 31, 2025, and will be used for all calculations related to natural gas sales by producers for the period mentioned. The information has been communicated to ONGC, OIL, GAIL, and the Directorate General of Hydrocarbons (DGH). A copy of the communication has also been marked to officials at the Ministry of Petroleum and Natural Gas for further dissemination. The domestic gas price and the APM ceiling rate are reviewed and notified on a monthly basis in accordance with the guidelines issued by the ministry. The prices serve as a key benchmark for determining gas tariffs for fertiliser, power, city gas distribution (CGD), and other consuming sectors. The natural gas price of $6.89 per mmBtu for July 2025 is consistent with the cap-based pricing regime introduced by the government in April 2023, which seeks to provide a stable pricing framework while protecting the interests of both producers and consumers. The ceiling price of $6.75 per mmBtu for APM gas is applicable to volumes produced from nomination fields of ONGC and OIL, which account for a significant portion of India's domestic gas output. The gas price notifications are a part of the government's efforts to ensure transparent and regular communication of price benchmarks, which are critical for long-term contracts and planning across key industrial sectors.
Time of India
a day ago
- Time of India
July local natural gas price hits $6.75/MMBtu ceiling
Domestic natural gas price hit its ceiling of $6.75 per mmBtu in July, fuelled by a rise in global crude oil prices in June, to which it is linked. Crude prices surged in June after the Israel-Iran conflict stoked fears of supply disruption. It however erased all the gains following a ceasefire last week between the two countries. The government revises the Administered Price Mechanism (APM) rate every month based on the average crude price of the preceding month. The price is set at 10% of the Indian crude basket, subject to a ceiling of $6.75 per mmBtu. The gas price for July came to $6.89 per mmBtu based on the crude-linked formula but will be capped at $6.75, according to a notification by the oil ministry. This price is applicable to gas produced by state-run Oil and Natural Gas Corp (ONGC) and Oil India . Higher prices are likely to boost earnings of oil producers while eating into the margins of city gas distributors and other users of domestic gas. -Our Bureau Live Events
