Meanwhile, the S&P BSE Sensex was down 23.25 points, or 0.06% to 38,838.98.

HPCL (down 2.73%), BPCL (down 1.44%) and Indian Oil Corporation (down 1.36%) edged lower.

Higher crude oil prices could increase under-recoveries of PSU OMCs on domestic sale of LPG and kerosene at controlled prices. The government has already freed pricing of petrol and diesel.

In the global commodities markets, Brent for June 2019 settlement was up 29 cents at $70.63 a barrel. The contract rose 94 cents, or 1.35% to settle at $70.34 a barrel during the previous trading session.


0 thoughts on “PSU OMCs slide as crude oil firms up”

Post Comment

  Intraday Tips

Buying and selling recommendation given for intraday trading is called as intraday tips. Accurate intraday calls are commonly provided in all segments such as equity, nifty future, nifty option, stock future and commodities. In today's trend intraday tips are also called as day trading calls.

Get Intraday Tips / Delivery calls for FREE

View My Stats