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:   
|
|
|
|

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 ...

Advertisements

Quick Links

 

Market News

Maruti Suzuki India, Axis Bank joins Rs 1-lakh-cr market-cap club

Axis Bank hits a record high of Rs 440, while Maruti Suzuki touched a new high of Rs 3,349 in intra-day deals on BSE.

Marksans Pharma surges on strong Q2 results

The stock rallied 6% to Rs 64 on NSE after reporting 56% yoy growth in net profit at Rs 31 crore in September quarter.

Markets continue winning streak; Sensex up 400 points

The 30-share Sensex is up 412 points at 27,758 and the 50-share Nifty has gained 119 points to trade at 8,288.

Copper down 0.2% on weak global cues

Metal for delivery in November shed 0.14%

Silver down 0.6% on weak global trend

Weak trend trend overseas, eroding demand for the precious metals, pulled down silver prices

Back to Top