State-owned oil marketing companies HPCL, BPCL, and IOC saw their shares drop as crude oil prices surged due to Middle East tensions. Investors booked profits after price declines, with HPCL down 5.4%, BPCL 4.7%, and IOC 3.5%. Existing conditions may pressure OMCs' profit margins.
State-owned oil marketing companies HPCL, BPCL, and IOC saw their shares drop as crude oil prices surged due to Middle East tensions. Investors booked profits after price declines, with HPCL down 5.4%, BPCL 4.7%, and IOC 3.5%. Existing conditions may pressure OMCs' profit margins.
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