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Assam cuts PNG VAT to 5%, boosting Oil India outlook

after close1 source ↓written by the desknot a recommendation

Gas PNG
14.5% to 5%
9.5 percentage point drop

Assam has announced a VAT reduction on Piped Natural Gas (PNG) from 14.5% to 5%, a 9.5 percentage point drop. This policy aims to lower consumer costs, enhancing adoption and volume growth for Oil India Limited. As the primary beneficiary, Oil India is set to gain from increased demand in both household and industrial sectors.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 10 Jul 2026, 16:06 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

OIL closed +1.4% on the day of the news, from ₹424.95 to ₹431.05; Nifty 0.0% over the same session; futures OI +1.9%.

Bulletin at 16:06 IST on 10 Jul 2026. Every change is measured from ₹424.95, the last close before it, on 10 Jul. Nifty 50 is measured over the same sessions.

  • OIL close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
OIL closes around the bulletin against the close before the news, with Nifty 50 rebased to it378.04424.95471.86axis spans 25%before the news · 10 Jul424.95Nifty 50OILbulletinD0+1+3+56 Jul16 Jul27 JulFutures open interest, lotspeak 15,000Reference close ₹424.95. 16 sessions from 6 Jul to 27 Jul; the price axis spans 25 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before10 Jul₹424.95basebase
On the day13 Jul₹431.05▲ +1.4%0.0%+1.4 pp difference
+1 session14 Jul₹441.10▲ +3.8%▼ −0.6%+4.4 pp difference
+3 sessions16 Jul₹429.45▲ +1.1%▼ −0.6%+1.6 pp difference
+5 sessions20 Jul₹453.55▲ +6.7%▲ +0.1%+6.6 pp difference
Gap at the open, % · ₹
▲ +0.8%+3.48 on 13 Jul
Day's range, % · ₹
2.3%≈ 9.9 high to low
Volume on the day
0.97×the 20-session average
Futures OI on the day
▲ +1.9%+230 lots · long build-up · price +1.4%
Futures OI open, lots
12,00013 Jul · 28 Jul expiry
Futures premium, ₹
−3.90−0.9% to spot
Puts per call, by OI
0.48from 0.53 the session before
Max pain
425from 425 the session before

Source NSE UDiFF bhavcopy · OIL on the desk →

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