Oil refiners soar as cooling oil fuels optimism on marketing margins3 min read 16 May 2023, 10:09 PM IST
These companies are currently recouping their losses on marketing auto fuels, gaining from a fall in global crude oil prices following last year’s rally.
NEW DELHI : Shares of Hindustan Petroleum Corporation Ltd (HPCL) and Indian Oil Corporation Ltd (IOCL) scaled new 52-week highs this week, propelled by an optimistic marketing margin outlook. Bharat Petroleum Ltd (BPCL) also scored major gains in trading.
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