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Petrol, diesel price hiked again; petrol price nears ₹99 in Mumbai
Updated:
Updated:
May 16, 2021 11:59 IST
A litre of petrol in Mumbai now comes for ₹98.88 and diesel is priced at ₹90.40 per litre
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In nine increases, petrol price has risen by ₹2.19 per litre and diesel by ₹2.49. File
| Photo Credit: K.R. Deepak
A litre of petrol in Mumbai now comes for ₹98.88 and diesel is priced at ₹90.40 per litre Petrol price on May 16 was increased by 24 paise per litre and diesel by 27 paise, pushing rates across the country to record highs and that of petrol in Mumbai to near ₹99 a litre.
Hindustan Petroleum Corporation has bought back 10,52,74,280 equity shares at a volume weighted average price of Rs 227.76 per equity share.
Accordingly, the company has deployed Rs 2397,77,48,355.67 excluding the Transaction Costs, which represents 95.91% of the Maximum Buyback Size.
Consequently, the Buyback Committee has approved the closure of the Buyback pursuant to the terms of the Public Announcement, with effect from 14 May 2021 after the closure of the trading hours.
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