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

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 (LPG) and kerosene as of now.

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

"BPCL, continued to shed on the announcement made yesterday that price hike of diesel, kerosene and 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:   
|
|
|
|

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

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

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 (LPG) and kerosene as of now.

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 (LPG) and kerosene as of now.

Bharat Petroleum Corp (BPCL) settled 2.38% lower at Rs 700.15, while IOC was down 1.77% at Rs 260.80. Hindustan Petroleum Corp (HPCL) 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 S Jaipal Reddy 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.

image

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 ...

Recommended for you

Advertisements

Quick Links

Market News

Reliance Communications hits 52-week low

The stock hit a 52-week low of Rs 56.75 on the National Stock Exchange in intra-day trade.

Oil and gas shares hit 52-week low as government lowers domestic gas price

Reliance Industries, ONGC, Oil India and Cairn India hit their respective 52-week lows on the BSE in intra-day trade.

Markets continue to remain volatile; Bharti Airtel drops over 5%

Bharti Airtel was the top loser along with index heavyweights ITC, RIL and HDFC

Index heavyweights drag markets lower; RIL, ITC dip 1-2%

Bharti Airtel, Dr Reddy's, BHEL, M&M and Hero Motocorp are the top 5 losers on the Sensex and are trading lower between 1-3%

Crude palm oil futures slide 0.63% on low demand

Market analysts said besides lower demand in the spot market, higher supplies from producing belts mainly influenced crude palm oil prices at ...

 

Back to Top