BPCL, HPCL shares gain after petrol price hike

By: |
New Delhi | Updated: April 5, 2016 4:54:56 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.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Govt bonds oversubscribed; FPIs bid for Rs 8,541 lakh cr
2Target for HCL based on 15.5x FY18E EPS
3Raise in royalty payments to impact Wabco India