India, May 26 -- Shares of oil marketing companies, including BPCL and HPCL, ended higher on Monday, following a sharp correction in crude oil prices and a fresh hike in petrol and diesel prices.

Brent crude, the primary benchmark for global oil prices, fell more than 5 per cent after the US and Iran agreed in principle to reopen the Strait of Hormuz.

Shares of Bharat Petroleum Corporation Ltd (BPCL) climbed 4.30 per cent to end at Rs 308.25 on the BSE. During the day, the stock advanced 4.55 per cent to hit an intraday high of Rs 309.

Hindustan Petroleum Corporation Ltd (HPCL) stock settled at Rs 403.40, up 3.52 per cent, on the BSE. During the day, it jumped 5.86 per cent to hit the day's high of Rs 412.55.

Indian Oil Corporation (I...