After the windfall tax was reduced to zero, oil and gas stocks held stable; top gainers were Indian Oil, ONGC, and GAIL as well as Adani. 5% overall dips

After the windfall tax was reduced to zero, oil and gas stocks held stable; top gainers were Indian Oil, ONGC, and GAIL as well as Adani. 5% overall dips.

After the government reduced the windfall tax rates to zero on Tuesday, the price of oil and gas indices moved steadily.

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Overall, the BSE Oil & Gas index has increased by 147 points, or 0.8%, so far today.

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Every two weeks, the tax rates are adjusted depending on the two-week average of oil prices.

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