Profit fell 15.6% from the previous June quarter when net profit was reported at 15,205.85 crore.

The state-owned ONGC sells crude oil, which is refined in refineries to produce gasoline, diesel and other petroleum products, at international reference rates, which have skyrocketed after the Russian invasion of Ukraine. Representative photo: ONGC website

India’s top oil and gas producer ONGC reported a 30% drop in net profit in the September quarter after the government imposed a new tax on…