HPCL shines as petrol price increases by 70 paise per litre

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

24 Jul 2012 Evaluate

Hindustan Petroleum Corporation (HPCL) is currently trading at Rs. 340.30, up by 2.30 points or 0.68 % from its previous closing of Rs. 338.00 on the BSE.

The scrip opened at Rs. 341.75 and has touched a high and low of Rs. 342.50 and Rs. 335.60 respectively. So far 18517 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 413.40 on 08-Aug-2011 and a 52 week low of Rs. 238.75 on 06-Jan-2012.

Last one week high and low of the scrip stood at Rs. 352.50 and Rs. 335.60 respectively. The current market cap of the company is Rs. 11513.33 crore.

The promoters holding in the company stood at 51.11% while Institutions and Non-Institutions held 34.84% and 14.05% respectively.

After two rounds of rate cuts last month, State-run fuel retailers have hiked petrol prices by 70 paise per litre, with effect from July 23 midnight. The marginal rate hike, which is in line with firming international oil rates, comes on the heels of UPA candidate and former finance minister Pranab Mukherjee wining the presidential poll and also after two successive reductions last month -- Rs 2.02 per litre on June 3 and Rs 2.46 a litre on June 29.

As a consequence of the upward revision, the hike in selling price of petrol shall vary from Rs 0.70/litre to Rs 0.91/litre depending upon the state taxes. Petrol in Delhi will cost Rs 68.48 per litre with effect from midnight tonight as compared to Rs 67.78 a litre now.

Latest increase in the price of petrol is triggered by the twin factors of crude and petrol prices rising substantially in global bulk markets as well as a further depreciation in the rupee's value against the dollar. Average price of Indian basket of crude is $101.28 per barrel while international petrol price is $111.59 a barrel. The Rupee-dollar exchange rate is around Rs 55.76 to a dollar.

Currently, PSU oil firms are losing Rs 10.01 per litre on diesel, Rs 27.20/litre on kerosene and Rs 319/cylinder on LPG. This revision, however, strengthens the expectation of diesel price hike being around the corner, with the decision timing remaining in uncertainty.

HPCL Share Price

368.20 -5.65 (-1.51%)

05-May-2026 11:18 View Price Chart

Peers

Company Name	CMP
Reliance Industries	1451.80
Indian Oil Corp.	141.00
BPCL	294.55
HPCL	368.20
MRPL	156.85
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