Oil PSUs gain on hike in petrol, diesel prices

Shares of oil marketing companies such as Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation were up nearly 2% on the Bombay Stock Exchange after hike in petrol and diesel prices.

Petrol price was hiked by Rs 2.19 a litre and diesel prices was increased by 98 paise per litre.

Indian Oil Corporation in a release said that the petrol in Delhi will cost Rs 61.87 per litre from Tuesday compared with the current price of Rs 59.68. Further, diesel will cost Rs 49.31 a litre compared with the present rate of Rs 48.33 a litre.

At 9:30am, Hindustan Petroleum Corporation was up 2.2% at Rs 808, Bharat Petroleum Corporation was up 2% at Rs 904 and Indian Oil Corporation was up 1.3% at Rs 407 on the Bombay Stock Exchange.