Potential Reduction in Petrol and Diesel Prices: Who Will Bear the Brunt?
In a potential respite for the common man, reports are surfacing that petrol and diesel prices could witness a significant reduction, marking the first such decrease in over a year and a half. The buzz surrounding this development has impacted the shares of major oil marketing companies (OMCs) like Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Limited (HPCL), and Bharat Petroleum Corporation Limited (BPCL).
Fuel Price Cut in India
According to an ETNow report, the anticipated fuel price cut is…