HPCL, BPCL, IOCL Share Prices Gain After Second Hike In Petrol, Diesel Prices Under A Week

Shares of oil marketing companies such as Hindustan Petroleum Corporation (HPCL), Indian Oil Corporation (IOCL), and Bharat Petroleum Corporation (BPCL) rose in early trade on May 19 after petrol and diesel prices were increased for the second time in a week. The government is raising fuel prices to make up for losses caused by high global crude oil prices.