 "IOC increases diesel prices by 2.5% from Tuesday")
Indian state-owned oil and gas corporation Indian Oil Corp (IOC) has raised the price of diesel by 2.5% from Tuesday and that of gasoline by about 1.3%, reflecting changes in global fuel prices.
According to a statement released by the company, India's three state-controlled oil companies, IOC, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd, tend to adjust retail prices of fuels.
Shares of Indian Oil Corporation closed at Rs. 407.45, down Rs 1.95, or 0.48%. The 52-week high of the share was Rs. 465.40 and the 52-week low was Rs 335.70.
The company's trailing 12-month (TTM) EPS was at Rs. 63.63 per share as per the quarter ended December 2015.
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