ONGC, oil stocks gain on diesel hike proposal
Jan 10 2013 , Mumbai
The oil ministry has proposed to raise diesel prices by 1 rupee per month for 10 months and to increase the number of subsidised cylinders.
ONGC shares rose 3.1 percent as of 0416 GMT. Hindustan Petroleum Corp gained 2 percent, while Bharat Petroleum Corp rose 2.1 percent. Indian Oil Corporation was up 3.8 percent.