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Oil producing firms to take a Rs 6,000-cr hit

ONGC to take biggest hit of Rs 4,600 crore, followed by Cairn India and Oil India. The increase in crude oil cess will increase the burden of oil producing companies by over Rs 6,000 crore......

Downstream oil, gas regulator by Nov-end

A regulator for the downstream oil and gas sector is expected to be in place by the end of November.Sources in the Ministry of Petroleum and Natural Gas said the government had invited applications......

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