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OMC under pressure

IOC, HPCL, BPCL slip as margin pressure mounts amid rising crude oil prices; Zee Business research report decodes the downward rally

IOC, HPCL, BPCL slip as margin pressure mounts amid rising crude oil prices; Zee Business research report decodes the downward rally

Wed, May 18, 2022

Oil Marketing Companies (OMCs) such as Indian Oil Corporation Limited (IOC), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL) shares were under pressure on Wednesday and stocks witnessed declines by as much as up to 7 per cent on the BSE.  

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