Shares of three state-run oil marketing companies fell 0.10% to 1.03% at 11:54 IST on BSE after Brent crude oil prices in international markets traded firmly above $65 a barrel mark.
Meanwhile, the S&P BSE Sensex was up 71.15 points or 0.21% at 34,081.76.BPCL (down 0.10%), Indian Oil Corporation (down 0.43%) and HPCL (down 1.03%), edged lower.
In the global commodities markets, Brent for February 2018 settlement was down 16 cents at $65.09 a barrel. The contract had risen 35 cents, or 0.54% to settle at $65.25 a barrel during the previous trading session.
Higher crude oil prices could increase under-recoveries of public-sector undertaking oil marketing companies (PSU OMCs) on domestic sale of LPG and kerosene at controlled prices. The government has already freed pricing of petrol and diesel.
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