BPCL, HPCL, IOC stocks rally up to 4% on sharp retreat in crude oil prices

Buzz line3 weeks ago05 mins

Shares of oil marketing companies (OMCs), including BPCL, HPCL, and IOCL, rallied up to 4% on Friday, January 16. HPCL’s share price jumped as much as 3.7% to ₹456.50 apiece, while BPCL rallied 3% to ₹367.75 and IOC gained as much as 2%. The three state-run OMCs—Hindustan Petroleum Corporation Ltd, Bharat Petroleum Corporation Ltd, and…

EXCLUSIVE | Strong capex, cheap crude oil, strong refining margin, compensation for LPG loss: Big points of IOCL Chairman – Market

Buzz line1 month ago01 mins

IOCL Chairman AS Sahney ET NOW EXCLUSIVE: Indian Oil Corporation (IOCL) Chairman Arvinder Singh Sahni has said that there is no shortage of crude oil supply globally and currently refining margins remain strong, which is compensating the pressure on marketing margins. He also clarified that the under-recovery on LPG has been largely balanced out and…

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EXCLUSIVE | Strong capex, cheap crude oil, strong refining margin, compensation for LPG loss: Big points of IOCL Chairman – Market