Jun 28, 2012, 08.06 AM IST
After the much hue and cry, petrol price is likely to reduced by upto Rs 4 per litre from July says a media report. The continuous fall in crude price touching almost near eight-month lows is probably the trigger.
He said, "Depreciation of rupee is 20% which wipes out all the gain of oil price decrease. As far as the subsidy is concerned we have been instructed only to pay that provisionally USD 56 a barrel."
The government faced severe criticism after it raised petrol price the by Rs 7.54 a litre on May 23.
ONGC stock price
On December 13, 2013, at 13:29 hrs Oil and Natural Gas Corporation was quoting at Rs 282.15, down Rs 1.7, or 0.6 percent. The 52-week high of the share was Rs 354.10 and the 52-week low was Rs 234.40.
The company's trailing 12-month (TTM) EPS was at Rs 22.24 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 12.69. The latest book value of the company is Rs 145.47 per share. At current value, the price-to-book value of the company is 1.94.
Action in Oil and Natural Gas Corporation
Video of the day
Dec 13 2013, 10:39
- in MARKET OUTLOOK
Dec 4 2013, 11:08
- in FII View
Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.