Oil retailers gain as crude oil slumps

Source : REUTERS
Last Updated: Mon, Apr 15, 2013 05:26 hrs
A worker pumps petrol into a customer's car at a fuel station in Sidon, southern Lebanon

Indian oil marketing companies such as Hindustan Petroleum Corpor Ltd gain on hopes a slump in crude prices would lower the cost of under-recoveries.

Hindustan Petroleum Corp gains 2.8 percent, Bharat Petroleum Corp Ltd is up 2.2 percent, while India Oil Corp Ltd gains 2.9 percent.

Brent crude remained under pressure on Monday during Asian trading on data showing China's economic growth unexpectedly slowed.

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