PSU oil marketing companies are trading in jubilant mood on reports that the prices of petrol, diesel and LPG may be hiked next week after Finance Ministry told the Petroleum Ministry that it has no funds left to subsidise fuels. The increase could result in petrol turning costlier by Rs 4 a litre, diesel by Rs 5 and LPG by Rs 50 a cylinder.
Bharat Petroleum Corporation (BPCL) is currently trading at Rs 352.00, up by 5.20 points or 1.50% from its previous closing of Rs 346.80 on the BSE. The scrip opened at Rs 352.00 and has touched a high and low of Rs 356.30 and Rs 349.50 respectively. So far 38321 shares were traded on the counter.
Hindustan Petroleum Corporation (HPCL) is currently trading at Rs 303.65, up by 3.20 points or 1.07% from its previous closing of Rs 300.45 on the BSE. The scrip opened at Rs 304.05 and has touched a high and low of Rs 308.70 and Rs 303.05 respectively. So far 36532 shares were traded on the counter.
Indian Oil Corporation (IOC) is currently trading at Rs 246.90, up by 2.95 points or 1.21% from its previous closing of Rs 243.95 on the BSE. The scrip opened at Rs. 243.45 and has touched a high and low of Rs. 248.00 and Rs. 242.00 respectively. So far 33412 shares were traded on the counter.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1365.10 |
| Indian Oil Corp. | 145.85 |
| BPCL | 312.05 |
| HPCL | 370.95 |
| MRPL | 183.20 |
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