New Delhi, May 4
India on Tuesday began experimenting with doping diesel with a small portion of biodiesel extracted from leftover cooking oil in kitchens to cut reliance on imports as well as reduci
Hindustan Petroleum Corporation Ltd is quoting at Rs 243.15, up 3.1% on the day as on 12:49 IST on the NSE. The stock is up 13.3% in last one year as compared to a 59.43% spurt in NIFTY and a 40.17% spurt in the Nifty Energy index.
Hindustan Petroleum Corporation Ltd is up for a third straight session in a row. The stock is quoting at Rs 243.15, up 3.1% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.29% on the day, quoting at 14676.35. The Sensex is at 48826.15, up 0.22%. Hindustan Petroleum Corporation Ltd has risen around 3.36% in last one month.
Meanwhile, Nifty Energy index of which Hindustan Petroleum Corporation Ltd is a constituent, has risen around 0.84% in last one month and is currently quoting at 17983.4, up 0.53% on the day. The volume in the stock stood at 40.64 lakh shares today, compared to the daily average of 57.57 lakh shares in last one month.
Oil and Gas stocks were trading with gains, with the S&P BSE Oil&Gas index rising 100.39 points or 0.67% at 14982.81 at 09:48 IST. Among the components of the S&P BSE Oil&Gas index, Hindustan Petroleum Corporation Ltd (up 2.61%), GAIL (India) Ltd (up 2.55%),Oil & Natural Gas Corpn Ltd (up 1.21%),Indian Oil Corporation Ltd (up 1.15%),Bharat Petroleum Corporation Ltd (up 1.08%), were the top gainers. Among the other gainers were Castrol India Ltd (up 0.68%), Gujarat State Petronet Ltd (up 0.59%), Indraprastha Gas Ltd (up 0.47%), and Petronet LNG Ltd (up 0.13%). On the other hand, Reliance Industries Ltd (down 1.28%), moved lower.
At 09:48 IST, the S&P BSE Sensex was down 129.43 or 0.27% at 48589.09.
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Petrol price up 15 paise, diesel 18 paise after over two-week hiatus
Petrol price on Tuesday was increased by 15 paise per litre and diesel by 18 paise as state-owned fuel retailers started passing on the increase in international oil prices to consumers after an 18-day hiatus. Petrol now costs Rs 90.55 per litre in Delhi, up from Rs 90.40, according to a price notification of state-owned fuel retailers. A litre of diesel comes for Rs 80.91, as against Rs 80.73 previously.
Rates have been increased across the country and vary from state to state depending on the local incidence of taxation (VAT).
Oil companies, which have in recent months resorted to an unexplained freeze in rate revision, had hit a pause button after cutting prices marginally on April 15. This coincided with electioneering hitting a peak to elect new governments in five states including West Bengal.
Petrol price up 15 paise, diesel 18 paise after over two-week hiatus business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.