Shares of three public sector oil marketing companies fell by 0.29% to 1.69% at 14:15 IST on BSE as crude oil prices rose overnight.
Among shares of public sector oil marketing companies (PSU OMCs), BPCL (down 1.69%), HPCL (down 0.69%) and Indian Oil Corporation (down 0.29%), edged lower.
The S&P BSE Sensex was down 211.55 points, or 0.82% at 25,560.98.
In the global commodities markets, Brent for July settlement was currently down 47 cents at $45.05 a barrel. The contract had surged $1.89 a barrel or 4.33% to settle at $45.52 a barrel during the previous trading session as supply disruptions in Canada offset concerns about growing record high US crude stockpiles.
Higher crude oil prices could increase under-recoveries of PSU OMCs on domestic sale of LPG and kerosene at controlled prices. The government has already freed pricing of petrol and diesel.
Powered by Capital Market - Live News
