PSU OMCs trade high on hiking petrol prices by 58 paise a litre

Hindustan Petroleum Corporation Ltd. | Refineries | Oil & Gas | BSE: 500104 | NSE: HINDPETRO

16 Sep 2016 Evaluate

The public sector undertaking (PSU) oil marketing companies (OMCs) too edged higher, after Petrol price was on Friday hiked by 58 paise a litre, while diesel rate was cut by 31 paise per litre in line with international trends.

Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 402.20, up by 5.80 points or 1.46% from its previous closing of Rs. 396.40 on the BSE. The scrip opened at Rs. 402.00 and has touched a high and low of Rs. 403.50 and Rs. 397.50 respectively. So far 57028 shares were traded on the counter.

Bharat Petroleum Corporation (BPCL) is currently trading at Rs. 574.00, up by 5.10 points or 0.90% from its previous closing of Rs. 568.90 on the BSE. The scrip opened at Rs. 571.80 and has touched a high and low of Rs. 574.80 and Rs. 570.00 respectively. So far 39595 shares were traded on the counter.

Indian Oil Corporation (IOC) is currently trading at Rs. 569.00, up by 10.50 points or 1.88% from its previous closing of Rs. 558.50 on the BSE. The scrip opened at Rs. 563.00 and has touched a high and low of Rs. 569.00 and Rs. 560.00 respectively. So far 37086 shares were traded on the counter.

This is the second increase in rates of petrol this month while in case of diesel it wipes away a part of the hike effected earlier this month. The prices will vary from state to state and will be effective from midnight of September 15 and September 16.

Post the revision, Petrol will cost Rs 64.05 a litre as against Rs 63.47 a litre currently, whereas diesel will cost Rs 52.63 a litre as compared to Rs 52.94 a litre in national Capital. In the last revision on September 1, price of petrol hiked by Rs 3.38 per litre and diesel rate also increased by Rs 2.67 per litre.

According to IOC the country's largest fuel retailer, the movement of prices in the international oil market and rupee-dollar exchange rate shall continue to be monitored closely and developing trends of the market will be reflected in future price changes.

PSU oil marketing companies Indian Oil Corporation, Bharat Petroleum Corp and Hindustan Petroleum Corp revise petrol and diesel price on 1st and 16th of every month based on international oil rate and foreign exchange ratio in the preceding fortnight.

HPCL Share Price

387.00 -9.25 (-2.33%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1435.70
Indian Oil Corp.	144.70
BPCL	302.85
HPCL	387.00
MRPL	167.90
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