IOC, BPCL, HPCL shares fall after cut in petrol and diesel prices
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The price notification from public sector fuel retailers said petrol in the national capital will now be priced at Rs 94.72 per liter as against Rs 96.72 per liter earlier, while diesel will now be priced at Rs 87.62 per liter instead of Rs 89.62.
New Delhi. Shares of oil market companies (OMCs) – Indian Oil Corporation, BPCL and HPCL – fell on Friday after petrol and diesel prices were cut by Rs 2 per litre. Shares of Hindustan Petroleum Corporation Limited (HPCL) fell 8.10 per cent to Rs 459.60 on BSE.
Shares of Indian Oil Corporation (IOC) fell 6.80 per cent to Rs 158.40 and Bharat Petroleum Corporation Limited (BPCL) fell 6.37 per cent to Rs 570.20. The prices of these petroleum products had remained stable for almost two years.
The price notification from public sector fuel retailers said petrol in the national capital will now be priced at Rs 94.72 per liter as against Rs 96.72 per liter earlier, while diesel will now be priced at Rs 87.62 per liter instead of Rs 89.62. In the stock market, the BSE benchmark was trading at 72,568.28, down 529 points or 0.72 per cent.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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