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HPCL, BPCL shares rise

December 8, 2010

Shares in oil marketing firms like BPCL and HPCL posted decent gains on Wednesday on hopes of a fuel price hike.

Oil Secretary told reporters India will soon take a decision on raising diesel prices, in an effort to lower the government’s subsidy bill and boost the financial health of oil marketing firms.

HPCL gained 3.4 perncet, BPCL rose 2.1 percent while IOC shares ended 0.75 percent up.

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