BSE Oil & Gas index top sectoral gainer led by OMCs

Bharat Petroleum leads the sectoral index with 4% gain

The Oil & Gas Index on the BSE is the top gainer on Friday, up 1.3%, led by gains in public sector oil marketing companies on the back of declining crude oil prices in the international markets.

Crude oil prices on the NYMEX were down 17 cents at $91.39 a barrel in electronic trade on Friday.

Further, the gradual increase in retail transport fuels by oil marketing companies has also aided sentiment for the stocks.

Among the public sector oil marketing companies, Bharat Petroleum was up 4%, Hindustan Petroleum was up 2.5% and Indian Oil Corporation was up nearly 2%.