IOCL, HPCL, BPCL slip in trade after Centre slashes LPG prices by Rs 200

A day after the government slashed LPG cylinder prices by Rs 200 per cylinder, stocks of most of the oil and gas companies are trading mixed bag on the BSE in early trading hours on Wednesday (August 30, 2023). While GAIL, Indraprastha Gas, Mahanagar Gas, ONGC were trading in the green; Gujarat Gas is flat; and IOCL and Bharat Petroleum were trading down on Wednesday morning.

ZeeBiz takes you through the performance of some of the prominent oil and gas stocks on Wednesday.

GAIL 

The share was off to a good start in early trading on Wednesday and was higher by 0.34 per cent at Rs 117.50.

Indraprastha Gas

Indraprastha Gas had a roller-coaster ride as it rose to Rs 464.05 before slipping to Rs 458.40, It is making a slow recovery to be 0.13 per cent up at Rs 463.10.

Mahanagar Gas

The share opened at Rs 1020 before slipping to Rs 1014. It is making recovery and is trading at Rs 1027. 

Gujarat Gas

Gujarat Gas is trading flat at Rs 459 in early morning deals.      

IOCL

The share was trading lower on BSE, down 0.58 per cent at Rs 91.31.

ONGC 

ONGC went down initially but recovered soon to be in the green. The share has gone as high as Rs 176.20.

HPCL

HPCL was off to a poor start as it slipped 2.25 per cent at Rs 258 in morning deals on Wednesday.

Bharat Petroleum

The share of the oil and giant made a weak opening on BSE in early trading on Wednesday as it was down 1.32 per cent at Rs 352.05.