INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Shares of oil marketing companies (OMCs) were mixed on Tuesday even as fuel retailers hiked prices of petrol and diesel for the
Oil PSUs raised the petrol price by 15 paise a litre and that of diesel by 23 paise on Tuesday
This came on top of a price increase of 17 paise in petrol and 21 paise in diesel on Monday.
Hindustan Petroleum Corporation rose 0.5 per
cent to hit a high of Rs 322, before slipping into the red
The stock was later down 1.06 per cent at Rs 316.35
IOC slipped 1.04 per cent to Rs 167
BPCL firmed up 0.3 per cent at Rs 404.45, off from a high of Rs 407.70.
OMCs had stopped the daily price revision of petrol and diesel on
A Dalal Street analyst said not hiking fuel prices ahead of state elections is a normal phenomenon
Between April 25 and May 14, the cost and freight of petrol and diesel has increased by $4.15 and $3.94 per barrel, respectively, according
