BSE Oil & Gas index up 1% after hike in petrol price

India Infoline News Service | Mumbai | August 03, 2017 11:45 IST

The S&P BSE Oil & Gas index was buzzing during the morning hours on Thursday. The index was trading up by 1% as the petrol prices were hiked by 22 paise.

The S&P BSE Oil & Gas index was buzzing during the morning hours on Thursday. The index was trading up by 1% as the petrol prices were hiked by 22 paise.
 
The oil marketing major, Indian Oil Corporation was contributing most to the index gains and was trading up by nearly 4% at Rs 384.10 per share as at 1108 hours. The S&P BSE OIL & GAS index was trading at 14,377.41 level, up by 130.60 points or 0.92%.
 
As reported by a leading business daily, the government has asked the state oil companies to increase prices of subsidised kerosene by 25 paise every fortnight till the subsidy on the fuel is eliminated completely or till further orders.
 
Among others, Hindustan Petroleum Corporation was trading up by 3.35% at Rs 396.95 per share, Bharat Petroleum Corporation was trading up by 1.03% at Rs 490.50 per share, GAIL (India) was trading up by 0.77% at Rs 372.05 per share, and Petronet LNG was trading up by 0.23% at Rs 214.10 per share.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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