Comments
Oil refiners plunged as global prices hovered near 4-year high. Shares of Indian oil refiners tumbled, and were the top percentage losers on the NSE index.
Oil prices were close to late 2014-highs as US crude inventories declined, while top exporter Saudi Arabia has pushed for higher prices.
Hindustan Petroleum Corp Ltd fell as much as 6 per cent to Rs 300.2, hitting its lowest since early January 2017. Bharat Petroleum Corp Ltd dropped as much as 5.7 per cent to Rs 382.1, lowest since late September 2016. Shares of Indian Oil Corp Ltd declined as much as 4 per cent to Rs 158.2, lowest since later December 2016.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.