SpiceJet, Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) rose up to 5 per cent on the BSE in early trade.
It is likely that the government may ask IOC, HPCL and BPCL to freeze prices as a temporary arrangement, report
HPCL was the top loser in this pack, slipping as much as 7.4% to Rs 337.5 levels, its biggest intraday percentage loss since September 13, 2017
Surge in refining margins provides cushion for three state-run firms