Shares of state-owned oil marketing companies, including IOC, settled in the red today amid speculations that the petrol price hike announced this week may be partially rolled back. On the
Upstream oil companies gain after India says they'll have to bear nearly 40 percent of the Rs 1. 38 trillion cost of retail fuel subsidies for the 2011/12 year
Falling crude prices helped shares of public sector oil companies outperform the broader markets this morning, with smart gains amid an over 350-point plunge in the benchmark Sensex.
Stocks like
Iran condemned on Saturday a decision by oil consumer nations to release strategic crude stocks as politically motivated interference in the market that would not have a sustained impact on
Investors bought oil & gas shares heavily in a weak market on Wednesday, hoping that the empowered group of ministers will raise fuel prices on May 11 and help state-run
Shares of major oil PSUs, BPCL and HPCL, today zoomed as much as 11 per cent on the Bombay Stock Exchange, amid speculations of fuel price hike.
Stocks of oil marketing companies fell by as much as four per cent on the BSE after a decision on fuel price hike was deferred yesterday, while the broader market
Raamdeo Agrawal Co-founder & director Motilal Oswal Financial Services
Uncertainty over the oil stocks has increased after the budget. The government has given no clear indications on the future of
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