Gold Silver Reports (GSR) – IOC, HPCL, BPCL Plunge As Government Asks Not To Hike Fuel Price – Shares of the government-owned oil retailers fell sharply after a report by Bloomberg quoting sources said the government has asked the companies to absorb up to Re 1 per litre rise in fuel prices.
Asian benchmark Brent oil held gains above $70 a barrel as investors weighed easing trade tensions between the world’s two biggest economies against concerns over rising U.S. crude stockpiles.
📌 Indian Oil plunged 5.6 percent
📌 Bharat Petroleum sank 5.13 percent
📌 Hindustan Petroleum tumbled 6.5 percent