Business Standard

BPCL, HPCL, IOC slide as govt rules out diesel price hike

Last week, petrol price was hiked by Rs 7.54 per litre

Read more on:    Bpcl | Hpcl | Lpg | Petrol Prices | S Jaipal Reddy
Related News

Shares of state-run oil marketing companies fell for the second day today dropping by up to 3% after the government ruled out any hike in rates of diesel, domestic gas () and kerosene as of now.

Bharat Petroleum Corp () settled 2.38% lower at Rs 700.15, while IOC was down 1.77% at Rs 260.80. Hindustan Petroleum Corp () lost 0.69% to Rs 295 on the BSE.

"BPCL, HPCL continued to shed on the announcement made yesterday that price hike of diesel, kerosene and LPG are unlikely," Sharmila Joshi Head Equity Fairwealth Securities said.

Oil Minister had yesterday said, "We are not considering hiking prices of diesel, domestic LPG and kerosene. It is out of question right now."

Last week, petrol price was hiked by Rs 7.54 per litre -- the steepest hike in petrol price ever.

Read more on:   
|
|
|
|

Read More

Agri Min proposes Rs 170/quintal hike in paddy MSP

In view of rising farm input costs, the Agriculture Ministry has proposed a Rs 170 per quintal increase in the minimum support price (MSP) of paddy ...

Quick Links

 

Market News

NSEL payments: HC orders creation of three-member monitoring panel

The three-member panel will negotiate with borrowers, FTIL and EOW on liquidation of borrowers' assets

Plea against MF body as self-regulator admitted

The Securities Appellate Tribunal (SAT) has admitted an appeal against a decision on approval given for setting up a regulatory organisation for ...

El Niño worries inflation managers

RBI has decided to consider inflation based on new series CPI in which half of the weight is for food, beverages and tobacco

Coffee at 26-month high as Brazil drought raises price volatility

Coffee futures jumped as much as 8.3 per cent, driving volatility to the highest since 2000

JSW Steel mulls using Goan ore for Dolvi plant

The company plans to participate in e-auctions at Goa as and when the ore with 58% Fe is auctioned

Back to Top