Shares of three public sector oil marketing companies were mixed after prices of petrol and diesel were revised with effect from midnight of 15 June 2016.
HPCL (down 0.40%) and Indian Oil Coporation (down 0.43%), edged lower. BPCL was up 0.33%.
Meanwhile, the S&P BSE Sensex was down 216.79 points, or 0.81% at 26,509.55.
Petrol price was raised by Rs 0.05 a litre at Delhi (including state levies) with corresponding price revision in other states. With this change, the price of Petrol in Delhi increased to Rs 65.65 a litre. Diesel price was raised by Rs 1.26 a litre at Delhi (including state levies) with corresponding price revision in other states. With this change, the price of diesel in Delhi increased to Rs 55.19 a litre.
The government decontrolled petrol & diesel prices. Public sector oil marketing companies (PSU OMCs) undertake fuel price review twice during the month based on the trend in international oil market. The first price review takes place during the middle of the month and the second on the last day of the month.
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