Oil Marketing Companies’ Stocks Bear The Brunt Of Fuel Price Relief


Oil Marketing Companies’ Stocks Bear The Brunt Of Fuel Price Relief

Market worried that the cuts may signal end of fuel price deregulation

The sharp crash of 10.5–12 per cent in the stocks of Indian Oil, BPCL and HPCL in the closing hours of trade on Thursday indicates the market’s deep disappointment at these public sector oil marketing companies (OMCs) being made patsy yet again by the Centre. Read more

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