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INDIA'S ONGC TO SHELL OUT US$360 MLN ON INCREASED OIL CESS.
NEW DELHI, March 1 Asia Pulse - Oil and Natural Gas Corp (ONGC) (BSE:500312), India's largest crude oil producer, will have to shell out about Rs 16 billion (US$360 million) more to the Government as a fallout of increase in cess on domestic crude oil.
Finance Minister P Chidambaram, presenting the Budget for 2006-07, raised the cess on domestic crude oil to Rs 2500 per tonne from the present Rs 1800 ...
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