Fuel price hike will reduce under-recoveries of public sector oil marketing companies.

BPCL had outperformed the market over the past one month till 15 February 2013, falling 1.32% compared with the Sensex`s 2.60% fall. The scrip had also outperformed the market in past one quarter, rising 14.97% as against Sensex`s 5.40% rise.

Indian Oil Corporation had outperformed the market over the past one month till 15 February 2013, rising 5.78% compared with the Sensex`s 2.60% fall. The scrip had also outperformed the market in past one quarter, gaining 21.70% as  against Sensex`s 5.40% rise.

HPCL had underperformed the market over the past one month till 15 February 2013, falling 6.48% compared with the Sensex`s 2.60% fall. The scrip had also underperformed the market in past one quarter, rising 4.71% as against Sensex`s 5.40% rise.

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