Oil and Gas stocks were trading with gains, with the S&P BSE Oil&Gas index increasing 168.65 points or 1.08% at 15797.07 at 09:49 IST. Among the components of the S&P BSE Oil&Gas index, Indian Oil Corporation Ltd (up 3.23%), Hindustan Petroleum Corporation Ltd (up 2.8%),GAIL (India) Ltd (up 2.07%),Bharat Petroleum Corporation Ltd (up 1.66%),Gujarat State Petronet Ltd (up 1.29%), were the top gainers. Among the other gainers were Indraprastha Gas Ltd (up 0.91%), Castrol India Ltd (up 0.56%), Petronet LNG Ltd (up 0.48%), and Reliance Industries Ltd (up 0.36%). On the other hand, Oil & Natural Gas Corpn Ltd (down 0.53%), turned lower.
At 09:49 IST, the S&P BSE Sensex was down 373.95 or 0.76% at 49128.46.
PESB picks Arun Kumar Singh as next CMD of BPCL
May 10, 2021
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His selection will have to be ratified by the Appointments Committee of the Cabinet led by prime minister Narendra Modi.
The Public Enterprises Selection Board (PESB), the government’s head-hunter, has picked Arun Kumar Singh as the chairman and managing director of state-run oil refining and marketing firm Bharat Petroleum Corporation Ltd (BPCL).
Arun Kumar Singh is currently director, marketing at BPCL and holding additional charge of Director, Refineries.
PESB picked Singh from a shortlist of six candidates that included five from BPCL and one from Hindustan Petroleum Corporation Ltd (HPCL).
Rs 89.11
Currently, petrol prices in Delhi stand at Rs 91.27, and diesel price at Rs 81.73. Meanwhile, the prices in Hyderabad stayed at Rs 94.86, and diesel at Rs 89.11.
Central government earns around Rs 32.98 per litre of the price of petrol, according to prices in Delhi. Sales tax and VAT of the state government constitutes around Rs 20 per litre price of petrol in the capital city.
The central excise for diesel comes to Rs 31.83 and VAT to Rs 10.99. In addition to all the taxes, the retail price of fuel also includes a dealer commission of a minimum Rs 2.6 per litre on petrol and Rs 2 on diesel.
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Read more about Hindustan Petroleum Corporation Ltd soars 0.88%, up for fifth straight session on Business Standard. Hindustan Petroleum Corporation Ltd is quoting at Rs 246.95, up 0.88% on the day as on 12:44 IST on the NSE. The stock is up 22.92% in last one year as compared to a 59.71% jump in NIFTY and a 41.24% jump in the Nifty Energy.