Impact of deregulation in petroleum product prices on stock price of petroleum PSUs in India
Om Prakash Agrawal, RC Upadhyay
On 26 June 2010 government of India took historical step of eliminating control of state on market retail prices of petrol and after some time in 2014 diesel prices were also deregulated. Main objective behind implementation of oil price deregulation is to reduce the loss of companies due to rise in crude oil price and subsidy provided by the government to the public. This Study examines the impact of price deregulation on the market price of share of selected public sector companies engaged in oil and gas. Five companies namely, BPCL, GAIL, HPCL, IOCL and ONGC are selected and data regarding daily share prices from 1997 to 2018 is collected from the website of National stock exchange. To examine the impact of deregulation and to test the hypothesis paired sample t-test is used.
Om Prakash Agrawal, RC Upadhyay. Impact of deregulation in petroleum product prices on stock price of petroleum PSUs in India. International Journal of Commerce and Management Research, Volume 4, Issue 3, 2018, Pages 64-66