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Analysts remain bearish on Indian OMC stocks despite falling global crude prices. They anticipate unsustainable auto fuel ...
BPCL, HPCL, IOCL share prices rise up to ₹3.7% during the Intraday trades on Monday. Brent crude prices below $70 a barrel ...
Bharat Petroleum Corporation, operating in the Refineries sector and classified as a Largecap on the BSE, currently has its share price at ₹298.25. The stock has experienced fluctuations today ...
Stocks like Syngene International, Wendt India, Supreme Petrochem, 360 ONE WAM, Can Fin Homes, Rallis India, Tata ...
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Despite this increase, retail fuel prices remain unchanged, thanks to state-run oil marketing companies (OMCs) like BPCL andIOCL, which are absorbing the hike instead of passing it on to consumers.
The government has decided to raise the price of household LPG (liquefied petroleum gas) by ₹50 per cylinder starting Tuesday. Additionally, the special additional excise duty (SAED) on petrol and ...
Analysts at JM Financial institutional Securities Ltd say that the sustained low crude price could boost OMCs' auto-fuel marketing margin though they are cautious on expectations that government ...