OMCs rally amid an increase in petrol, diesel prices for 2nd day in a row

Lincoln Wylie

Shares of oil internet marketing businesses (OMCs) ended up investing company on Monday following petrol and diesel prices ended up hiked by sixty paise for each litre for a second straight working day, hence ending an 83-working day hiatus in fee revision.

Petrol value in Delhi was hiked to Rs 72.forty six for each litre from Rs seventy one.86 on Sunday, even though diesel prices ended up increased to Rs 70.59 a litre from Rs sixty nine.ninety nine, according to a value notification of state oil internet marketing businesses.

Day by day value revision has restarted, an oil business formal explained.

Even though oil PSUs have consistently revised ATF and LPG prices, they experienced considering that March sixteen saved petrol and diesel prices on maintain, ostensibly on account of intense volatility in the worldwide oil marketplaces.

Auto fuel prices ended up frozen soon following the govt raised excise responsibility on

Read More