Shares of public sector undertakings (PSU) oil companies are trading higher by one per cent each on report that these companies increased the price of aviation turbine fuel (ATF) by 2.7% from Wednesday.
State-owned petroleum companies also hiked the price of non-subsidised cooking gas cylinders by Rs 220 a piece, the report suggests.
PSU oil marketing companies -- Indian Oil Corporation, BPCL and HPCL -- revise jet fuel prices on the 1st and 16th of every month based on the average international crude price in the preceding fortnight.
Indian Oil Corporation was up 1.5% at Rs 212, followed by HPCL and BPCL are up 1% each at Rs 242 and Rs 353 respectively on the BSE.
State-owned petroleum companies also hiked the price of non-subsidised cooking gas cylinders by Rs 220 a piece, the report suggests.
PSU oil marketing companies -- Indian Oil Corporation, BPCL and HPCL -- revise jet fuel prices on the 1st and 16th of every month based on the average international crude price in the preceding fortnight.
Indian Oil Corporation was up 1.5% at Rs 212, followed by HPCL and BPCL are up 1% each at Rs 242 and Rs 353 respectively on the BSE.