{"id":350104,"date":"2020-05-07T11:24:36","date_gmt":"2020-05-07T05:54:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=350104"},"modified":"2020-05-07T11:24:36","modified_gmt":"2020-05-07T05:54:36","slug":"oil-retailers-shares-plunge-as-govt-hikes-excise-on-petrol-diesel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-retailers-shares-plunge-as-govt-hikes-excise-on-petrol-diesel\/","title":{"rendered":"Oil retailers&#8217; shares plunge as govt hikes excise on petrol, diesel"},"content":{"rendered":"<p>Mumbai: Shares of oil marketing companies tumbled 7-13% on Wednesday as the government hiked duties on petrol and diesel by \u20b910 and \u20b913 per litre, respectively.<\/p>\n<p>Hindustan Petroleum Corporation (HPCL) traded as much as 13% lower to \u20b9186.70 apiece on the BSE. Bharat Petroleum Corporation (BPCL) was 10% lower at \u20b9312.15. Indian Oil Corporation (IOC) fell 7.49% to \u20b972.85. The S&amp;P BSE Sensex was at 393.17 points or 1.25% higher at 31,846.68.<\/p>\n<p>The government late Tuesday hiked road and infrastructure cess by \u20b98 for petrol and diesel and special additional excise duty (SAED) by \u20b92 per litre and \u20b95 per litre, respectively. While the road cess will only go into the Centre\u2019s coffers, the hike on account of SAED will be passed on to states via devolution at 42%. States will get only \u20b90.84 per litre in case of petrol and \u20b92.1 in case of diesel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Shares of oil marketing companies tumbled 7-13% on Wednesday as the government hiked duties on petrol and diesel by \u20b910 and \u20b913 per litre, respectively. Hindustan Petroleum Corporation (HPCL) traded as much as 13% lower to \u20b9186.70 apiece on the BSE. Bharat Petroleum Corporation (BPCL) was 10% lower at \u20b9312.15. Indian Oil Corporation (IOC) fell 7.49% to \u20b972.85. The S&amp;P BSE Sensex was at 393.17 points or 1.25% higher at 31,846.68. The government late Tuesday hiked road and infrastructure cess by \u20b98 for petrol and diesel and special additional excise duty (SAED) by \u20b92 per litre and \u20b95 per [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-350104","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=350104"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/350104\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=350104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=350104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=350104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}