BPCL, IOC rally ahead of CCEA meet for fuel price revision

Oil marketing companies rallied on Thursday as the cabinet may take up the issue of fuel price recaliberation at its meeting today.

There is a cabinet and CCEA (Cabinet Committee on Economic Affairs) briefing at 12 pm later this afternoon.

Hindustan Petroleum Corporation rose 1.92 percent to Rs 332.10 at 10:38 hours IST while Bharat Petroleum Corporation gained 1.7 percent at Rs 388.10.

Indian Oil Corporation was the biggest gainer among these three companies, rising 2.48 percent to Rs 303.70. It has also touched a new 52-week high of Rs 306.30.

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