NEW DELHI: Shares of BPCL (down 2.82 per cent), Indian Oil Corporation (IOC) (down 2.82 per cent), HPCL (down 2.36 per cent) and Indraprastha Gas (down 2.23 per cent) were suffering significant losses in Thursday's session.
The BSE Oil Gas index was trading 0.18 per cent down at 14,947 around 02:35 pm.
Shares of Petronet LNG (down 0.35 per cent) and Castrol India (down 0.16 per cent) were in the red.
However, heavyweights Reliance Industries (up 1.91 per cent), GAIL (India) (up 1.22 per cent) and ONGC (up 0.59 per cent) were trading with gains.
Equity benchmarks moved up on gains in select IT, FMCG, pharma and auto counters.
The BSE Sensex was up 91 points at 38,377, while the NSE Nifty50 index was up 19 points at 11,590.
Among the 50 stocks in the Nifty index, 23 were trading in the green, while 27 were in the red.
Tata Motors and Vedanta were the top losers in the Sensex index.