It was also alleged that, in furthering the conspiracy, both assistant managers had allowed excess loading of about 642 kilolitres of petroleum products in tankers of the accused private transport companies through 305 instances.
Crude price rises has been rising with Brent crude crossing $91 a barrel mark. BPCL was largest loser among Nifty- 50 stocks on Friday. HPCL , BPCL, IOCL share prices have corrected up to 20% from February highs. Should you sell or Hold the stocks?
Kotak Institutional Equities expressed concerns over OMCs capex plans due to limited pricing freedom. Government s petrol and diesel price cut, along with rising crude oil prices, may impact energy stocks like HPCL, IOC, and BPCL.
Northeast India Petroleum dealers association (Greater Guwahati) leads a 48-hour bandh in Assam s Kamrup Metro, Kamrup, and Morigaon districts, demanding responses to letters, addressing investment issues, and protesting oil companies irregularities.