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Petrol, diesel price hike impact: HPCL, BPCL, IOC shares in focus. What lies ahead for the OMCs?

Posted on May 19, 2026
By Business News Today
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1 min read

Petrol, diesel price hike impact: HPCL, BPCL, IOC shares in focus. What lies ahead for the OMCs?

Oil marketing companies like HPCL, BPCL, and IOC are in focus after the government announced a second petrol and diesel price hike in less than a week, increasing rates by around 90 paise per litre. This move aims to alleviate financial pressure on OMCs facing elevated global crude prices due to geopolitical disruptions.