In the current fiscal year (2022-23), crude oil production is slated to rise to 22.823 million tonnes and gas to 22.099 bcm.
The company said if this levy was not there, ONGC profits would have surpassed its record earnings of July-September 2021.
While oil prices are hovering at multi-year high, gas prices for ONGC too have risen to best ever rate of USD 6.1 per million British thermal unit.
Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) reported bumper profits in the March quarter and record earnings in 2021-22, triggering talks of the government slapping a windfall tax.
The cameras installed in the drone unit will detect obstruction of sewer flow and the machine will remove it.
Oil India Ltd (OIL) walked away with two blocks and Sun Petrochemicals Pvt Ltd got one block, the Directorate General of Hydrocarbons said announcing the winners of the OALP-VI round.
As the energy prices soar, the advanced rigs are very crucial for the Indian energy sector to drill oil and gas wells faster to increase the production for domestic use.