| | |
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 November 24, 2015, Oil and Natural Gas Corporation closed at Rs 232.85, up Rs 1.15, or 0.50 percent. The 52-week high of the share was Rs 390.60 and the 52-week low was Rs 208.00.
The company's trailing 12-month (TTM) EPS was at Rs 20.81 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 11.19. The latest book value of the company is Rs 169.02 per share. At current value, the price-to-book value of the company is 1.38.
Set email alert for
ADS BY GOOGLE
video of the day
Nifty to fall below 7500 if Q3 disappoints; GST key: Kumar