Oil Stocks Rise as Crude Prices Drop

  Published 11 months ago

Hindustan, Bharat, and Indian Oil stocks rose 2.97%, 3.74%, as Brent crude fell 2.68% to $68.63, potentially easing PSU OMC under recoveries on LPG/kerosene sales.

  • Hindustan (+3.74%), Bharat (+3.05%), and Indian Oil (+2.97%) stocks climbed amid lower crude prices.
  • Brent crude for September 2025 dropped 2.68% to $68.63 a barrel, signaling potential cost relief for OMCs.
  • Lower crude prices may reduce PSU OMC under recoveries on LPG/kerosene sales; petrol/diesel pricing is deregulated.

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