OMC stocks decline as crude oil prices rise
after close1 source ↓written by the desknot a recommendation
Shares of oil marketing companies (OMCs) faced pressure on 12 Feb as crude oil prices continued to rise due to escalating US-Iran tensions. BPCL shares fell 2.20% to ₹379.05, IOC declined 1.54% to ₹178.50, and HPCL dropped 1.52% to ₹454.80. Higher crude prices increase input costs, impacting OMC margins significantly.
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