Oil stocks tank up to 8% after cut in petrol, diesel prices; HPCL, BPCL, IOCL, GAIL, ONGC lead fall
OMCs have slashed petrol and diesel prices across the country by ₹2 per litre for the first time in two years since April 2022.
oil stocks
March 2024
December 2023
November 2023
July 2023
May 2023
April 2023
November 2022
October 2022
Market gives thumbs up BJP’s hat-trick in Hindi heartland; Sensex surges 1,100 pts to hit new high
Both Sensex and Nifty, along with midcap and smallcap indices, clocked fresh highs today as investors celebrated BJP’s big gains in MP, Rajasthan and Chhattisgarh.
ONGC plans to invest ₹1 lakh cr to set up petrochemical plants; stock hits 52-week high
ONGC shares have risen more than 50% from its 52-week low of ₹132.95 touched on November 22, 2022.
Oil stocks rally; BPCL, HPCL, IOC hit 52-week highs
Among other state-owned OMCs, Oil India, GAIL (India), ONGC shares surged up to 4% amid strong volume trade.
Oil stocks up as govt cuts windfall tax on petroleum cude to zero
Levy on petrol, diesel, and aviation turbine fuel has been kept unchanged at zero
Govt extends restrictions on export of petrol, diesel
Refiners must sell at least 50% of annual volume of petrol exports, 30% of diesel exports in India; move to ensure availability of refined fuel in India
Oil stocks rise on Kirit Parikh panel recommendations; IGL, IOC gain up to 4%
The S&P BSE Oil & Gas index rose as much as 1% to hit a 52-week high of 20,650 levels, led by IGL, IOC, Adani Total Gas, Reliance Industries, and GAIL (India).
Oil stocks trade mixed after govt hikes windfall tax on domestic crude
The windfall tax on domestically produced crude oil has been hiked to ₹10,200 per tonne from ₹9,500 per tonne, whereas the tax of export of diesel has been slashed to ₹10.5 per litre.
Govt cuts windfall tax on crude; here’s how oil stocks reacted
Shares of ONGC, HPCL, and IOC rose up to 1%, while Adani Total Gas, Reliance Industries, and BPCL fell up to 1% on the BSE.
Oil stocks up after OPEC+ agrees on deep crude output cut
Crude oil rises to nearly a three-week high; key oils stocks trade in positive territory as OPEC+ decides to cut output by 2 mn barrels/day.
