Oil stocks surge on Wednesday

Oil stocks gained on Exchanges post lunch hours. Oil stock gains as the central govt might incentivize investments in the oil & gas exploration sector, as the GST Council had proposed.  Hindustan Petroleum Corporation Ltd (HPCL) rose 5.45% , Indraprastha Gas up 2.85%, Indian Oil Corporation (IOC) up 2.71%, Petronet LNG rose 2.48% Bharat Petroleum Corporation Ltd. (BPCL) up 2.41%, Reliance Industries rose 1.11% and GAIL up 0.50% , while Oil India stocks was trading on lower, down by 0.23%