Shares of state-run oil marketing companies fell for the third day today (May 30, 2012), dropping by up to 2% after the government ruled out any hike in rates of diesel, domestic gas ( LPG) and kerosene as of now.
Bharat Petroleum Corporation ( BPCL), Indian Oil Corporation ( IOC) and Petroleum Corporation Ltd");'> Hindustan Petroleum Corporation Ltd ( HPCL) fell between 1-2% on the BSE.
Oil Minister S Jaipal Reddy had on May 28, 2012 said, 'We are not considering hiking prices of diesel, domestic LPG and kerosene. It is out of question right now.'
Last week, petrol price was hiked by Rs7.54 per litre -- the steepest hike in petrol price ever.
....more info
Bharat Petroleum Corporation ( BPCL), Indian Oil Corporation ( IOC) and Petroleum Corporation Ltd");'> Hindustan Petroleum Corporation Ltd ( HPCL) fell between 1-2% on the BSE.
Oil Minister S Jaipal Reddy had on May 28, 2012 said, 'We are not considering hiking prices of diesel, domestic LPG and kerosene. It is out of question right now.'
Last week, petrol price was hiked by Rs7.54 per litre -- the steepest hike in petrol price ever.
....more info