IOC to BPCL: OMC stocks to remain in focus on Monday. Which OMC stock to buy for long-term?
New Delhi, May 24 -- Oil marketing companies (OMCs) stocks like Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) will remain in focus on Monday, 25 May, after petrol and diesel prices were raised for the third time in eight days.
Petrol and diesel prices were increased by 87-91 paise per litre on Saturday, pushing the cumulative rise in retail fuel prices to nearly Rs.5 per litre in less than 10 days, as state-run oil companies continued to pass on the impact of surging global crude oil prices.
At the same time, compressed natural gas (CNG) prices were hiked by Re 1 per kg, marking the third increase in the past few days and taking the total increase t...
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