Stock Market LIVE Updates | HPCL, BPCL, IOC shares rally up to 5% on OPEC+ decision to increase production

The oil group’s decision to gradually increase production is seen as positive for India’s state-owned refiners, as it will enhance their gross marketing margins on retail fuel. According to Citigroup Inc., Hindustan Petroleum, Bharat Petroleum, and Indian Oil should be able to compensate for the losses from LPG (cooking gas) sales with higher margins on gasoline and diesel.

Price as on 09.42.00 AM, Click on company names for their live prices.