BPCL, HPCL, IOC Climbs After Govt Cuts Excise Duty On Petrol, Diesel

Oil Marketing companies (OMCs) emerged as top gainers in the Nifty50 pack on Wednesday after the government on Tuesday cut excise duty on petrol and diesel by Rs 2 per litre each to moderate the relentless rise in fuel prices witnessed for the last three months. 
Shares of Hindustan Petroleum Corporation BSE 1.82 % (HPCL BSE 1.82 %), Indian Oil Corporation BSE 0.61 % (IOC BSE 0.61 %), Bharat Petroleum Corporation Ltd BSE 0.15 % (BPCL BSE 0.15 %) were trading higher by 3.03 per cent, 1.96 per cent and 1.44 per cent at Rs 447.75, Rs 414.50 and Rs 485.75, respectively. 
Govt of India has reduced Basic Excise Duty rate on petrol and diesel by Rs 2 per litre. For Any More Information Please Visit : www.paceresearchindia.com and Call : 8817774774