BPCL, IOC to HPCL: OMC stocks surge up to 6% after Brent crude slips below $98, 4th hike in petrol & diesel prices
New Delhi, May 25 -- Shares of oil marketing companies (OMCs) hogged the limelight in trade today, May 25, as crude oil cooled to a two-week low and the government implemented a fourth hike in domestic fuel prices to cap losses for these oil PSUs amid rising international crude costs.
Hindustan Petroleum Corporation Limited (HPCL) led the gainers, with its shares rising 5.8%to Rs.412.55 apiece. It was followed by Bharat Petroleum Corporation Limited (BPCL), whose stock added 4.44% to Rs.308.70. Meanwhile, Indian Oil Corporation (IOC) jumped 3.90% to Rs.144.95 on the BSE today.
With today's rise, OMC stocks have turned positive for May and are set to close in the green for the second month in a row. However, in 2026 so far, their shares ...
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