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 05, 2013, Oil and Natural Gas Corporation closed at Rs 290.80, up Rs 3.45, or 1.20 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 13.08. 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 2.00.
Action in Oil and Natural Gas Corporation
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