OMCs on Petrol Hike

18/09/2011 17:15

On friday, Market read the petrol hike of Thursday after market hours, as non-event for oil marketing companies.  Against the retail market participants expection, the price of shares moved downward after sparing all gains within an hour or two.                                                           

The moves of share price was against the normal reaction, even though there was schedule to be a meeting of EGoM on LPG Price hike.  Lets see how the prices of OMCs will behave in 2-3 days.