MUMBAI Jan 10 Shares in Oil & Natural Gas Corp
rose as much as 3.6 percent on Thursday as part of a
rally across oil companies after the oil ministry moved a
proposal to raise diesel prices to the federal cabinet.
India's oil ministry has proposed to raise diesel prices by
1 rupee per month for 10 monhts and to increase the number of
ONGC shares rose 3.1 percent as of 0416 GMT. Hindustan
Petroleum Corp gained 2 percent, while Bharat
Petroleum Corp rose 2.1 percent. Indian Oil
Corporation was up 3.8 percent.
(Reporting by Manoj Dharra and Rafael Nam; Editing by Sunil