April 11, 2018 / 4:55 AM / in 7 months

BUZZ-Indian OMCs slump; govt to ask oil marketeers to absorb price hike - reports

** Shares of Indian oil marketing companies slump on reports that govt will ask them to absorb price hike

** Govt to ask oil companies to absorb 1 rupee per litre price hike - ET NOW reports here, citing agencies

** Govt to rule out excise duty cut to lower oil prices, report adds

** Hindustan Petroleum Corp Ltd plunges as much as 7.4 pct to 337.5 rupees, in its biggest intraday pct loss since Sept 13, 2017

** Bharat Petroleum Corp Ltd drops as much as 5.6 pct, while Indian Oil Corp Ltd falls nearly 6 pct

** Oil prices ease away from their 2014 highs with Brent crude futures down at $70.78 per barrel at 0154 GMT after gaining over 3 percent on Tuesday

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below