IOC, BPCL, HPCL shares gain on fuel price hike
Shares of oil marketing companies (OMCs) surged up to 2% in Monday’s trading session after petrol and diesel prices were hiked on Monday after a two-day pause. As compared to Sunday, petrol has become costlier by 23-26 paise while the price of diesel has increased by 31-3 paise.
Indian Oil Corporation (IOC) shares were trading 2.43% higher at ₹97 per share on the BSE at around 10:50 am. Shares of Hindustan Petroleum Corporation (HPCL) surged 1.25% to trade at around ₹254.75 apiece while Bharat Petroleum Corporation (BPCL) rose 1.2% to hover around ₹449 per share.
In Delhi, petrol prices were increased by 26 paise from ₹91.27 per litre to ₹91.53 per litre and diesel by 33 paise from ₹81.73 per litre to ₹82.06 per litre, according to the state-owned fuel retailers.
