Business Other News 17 Mar 2016 PSU OMCs gain after ...

PSU OMCs gain after increase in petrol, diesel prices

PTI | DECCAN CHRONICLE
Published Mar 17, 2016, 12:06 pm IST
Updated Mar 17, 2016, 12:06 pm IST
Petrol in Delhi will cost Rs 59.68 per litre from today , while a litre of diesel will cost Rs 48.33 .
 Petrol in Delhi will cost Rs 59.68 per litre from today , while a litre of diesel will cost Rs 48.33 .

Mumbai: Shares of three public sector oil marketing companies  rose up to six per cent after Indian Oil Corporation announced an increase in petrol and diesel prices.On BSE, BPCL went up by 5.91 per cent to Rs 864.60, HPCL gained 2.40 per cent to Rs 751.95 and IOC climbed 3.89 per cent to Rs 403.60.

Similar movement was seen on NSE with BPCL gaining 5.71 per cent. HPCL and IOC surged 3.56 per cent and 3.32 per cent, respectively. Petrol price was hiked yesterday by Rs 3.07 a litre,reversing its 3-month declining trend, while diesel rates went up by Rs 1.90 per litre.

Petrol in Delhi will cost Rs 59.68 per litre from today as against Rs 56.61, while a litre of diesel will cost Rs 48.33 compared with Rs 46.43 earlier.

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