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IOC, HPCL, BPCL Plunge As Government Asks Not To Hike Fuel Price

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

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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