BPCL, HPCL shares gain after petrol price hike

By: | Updated: April 5, 2016 4:54 PM

Now, petrol prices in Delhi will cost Rs 61.87 per litre as against Rs 59.68 earlier. Diesel will cost Rs 49.31 compared with Rs 48.33.

oil marketing companies, hpcl, bpcl, iocNow, petrol prices in Delhi will cost Rs 61.87 per litre as against Rs 59.68 earlier. Diesel will cost Rs 49.31 compared with Rs 48.33.

Shares of oil marketing companies (OMCs) such as Indian Oil Corporation (IOC), Bharat Petroleum Corporation (BPCL) and Hindustan Petroleum Corporation (HPCL) rallied in the morning trade on Tuesday after OMCs hiked petrol price by 2.19 a litre and diesel by 98 paise per litre from Monday midnight.

BPCL and IOC shares were trading 2.23 per cent and 1.75 per cent up at Rs 906.50 and Rs 409. HPCL was up 2.83 per cent at Rs 813.50 in the morning trade (at 9.51 am).

Now, petrol prices in Delhi will cost Rs 61.87 per litre as against Rs 59.68 earlier. Diesel will cost Rs 49.31 compared with Rs 48.33.

This is the second straight increase in petrol price, this is the fourth straight fortnightly increase in diesel rates.

Later, shares of HPCL and BPCL closed higher by 0.86 per cent and 0.17 per cent. On the other hand, IOC slid marginally 0.10 per cent to Rs 401.55.

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