Hindustan Petroleum Corporation (HPCL) stock surged 3.93 per cent to close at Rs 626.50 on the BSE.
Shares of Bharat Petroleum Corporation (BPCL) rose by 3.31 per cent to Rs 791.05, while Indian Oil Corporation (IOC) gained 2.65 per cent to Rs 345.
On Friday, petrol price was hiked by Rs 3.13 a litre and diesel by Rs 2.71 per litre, the second straight steep increase in rates this month.
The hike came on the back of Rs 3.96 per litre increase in petrol and Rs 2.37 a litre raise in diesel from May 1.
Meanwhile, in the stock market the BSE benchmark Sensex ended at 27,687.30, up 363.30 points.
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