OMC stocks rally 5.8% as crude slips below $100; fuel prices raised for fourth time in two weeks
Shares of state-owned oil marketing companies surged in midday trade on Monday after Brent crude fell below $100 per barrel and the government raised petrol and diesel prices for the fourth time in under two weeks, improving the margin outlook for state-run fuel retailers. Hindustan Petroleum Corporation (HPCL) led gains with a 5.8 per cent rise to ₹412.55 on the…
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