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.

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.

image
Business Standard
177 22
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

Press Trust of India  |  Mumbai 

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.

RECOMMENDED FOR YOU

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, 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.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

Widgets Magazine

More News

STOCK WATCH

Company Price() Chg(%)
Claris Lifescien 201.90 20.00
Dynamatic Tech. 2675.80 17.14
Hindalco Inds. 102.90 12.03
M T N L 20.05 11.70
T N Newsprint 279.15 9.66
> More on BSE Gainers
Company Price() Chg(%)
Dynamatic Tech. 2681.85 18.59
Hindalco Inds. 102.95 12.02
M T N L 20.05 11.39
T N Newsprint 279.45 9.72
Muthoot Finance 233.95 8.99
> More on NSE Gainers
Company Price() Chg(%)
Tree House Edu. 70.75 -9.99
Jubilant Food. 1023.80 -7.95
Bliss GVS Pharma 91.15 -7.32
Bajaj Electrical 236.35 -6.99
Marksans Pharma 44.25 -6.15
> More on BSE Gainers
Company Price() Chg(%)
Tree House Edu. 70.85 -10.09
Jubilant Food. 1023.00 -8.00
Bliss GVS Pharma 91.10 -7.70
Lanco Infratech 4.35 -7.45
Bajaj Electrical 236.30 -6.93
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard