Shares of oil marketing companies rose by up to 3 per cent today after petrol price was hiked by Rs 2.19 a litre and diesel by 98 paise per litre.
Hindustan Petroleum Corporation climbed 2.94 per cent to Rs 814.40, Bharat Petroleum Corporation jumped 2.55 per cent to Rs 909.40 and IOC rose 2.43 per cent to Rs 411.75 on BSE.
Petrol in Delhi will cost Rs 61.87 per litre as against Rs 59.68 currently, said Indian Oil Corporation, the nation's biggest fuel retailer.
Similarly, a litre of diesel will cost Rs 49.31 compared with Rs 48.33 at present.
State-owned fuel retailers IOC, Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) revise rates of the fuel on 1st and 16th of every month based on the average oil price and the foreign exchange rate in the preceding fortnight.
