Bharat Petro jumps on oil price slippage

The country's second largest refiner Bharat Petroleum (BPCL) rose 4.3 per cent to Rs 463.9 on reports that crude oil prices slipped to a six-week low. Prices fell below $63 a barrel and this moderation, experts believe, would favour oil marketing companies. Recently, the government increased auto fuel prices with a hike of Rs 4 a litre for petrol and Rs 2 for diesel. Besides BPCL, other refineries such as IOC and HPCL ended the day with gains. The stock made an intraday high of Rs 475 and a low of Rs 442.05. The total trading volume stood at 165,000 shares.