MUMBAI, Feb 4 (Reuters) - Shares in Indian oil retailersrose in a weak Mumbai market on Thursday, a day after agovernment panel recommended freeing pricing of fuels fromadministrative controls, a move that would improve earnings ofthe companies.
, Research ) were up between 0.6-1.1 percent, while the mainindex .BSESN was down 0.8 percent at 0440 GMT. The government sets retail prices of petrol, diesel,cooking gas and kerosene to help control inflation and protectconsumers, particularly the poor, from sharp fluctuations inenergy prices.
Full Story: Indian oil retailer shares up on fuel pricing hopes - Reuters India
, Research ) were up between 0.6-1.1 percent, while the mainindex .BSESN was down 0.8 percent at 0440 GMT. The government sets retail prices of petrol, diesel,cooking gas and kerosene to help control inflation and protectconsumers, particularly the poor, from sharp fluctuations inenergy prices.
Full Story: Indian oil retailer shares up on fuel pricing hopes - Reuters India
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