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This is an archive article published on June 27, 2011

BPCL shares rise 3.5 per cent

Shares of BPCL surged on Monday after government raised diesel prices.

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Shares of state-run oil marketing company Bharat Petroleum rose 3.5 per cent to Rs 656.90 in preopen trade on Monday after government raised diesel prices about 9 per cent on Friday.

Diesel will now cost just over Rs 41 per litre in the capital after the government panel raised prices by a record Rs 3.4 (7.6 U.S. cents) per litre including local taxes.

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