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OMCs rally amid an increase in petrol, diesel prices for 2nd day in a row

Meanwhile, OPEC, Russia, and allies agreed on Saturday to extend record oil production cuts until the end of July.

petrol, oil, OMC, ONGC, BPCL, HPCL, Indian Oil

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Indian Oil Corp (IOC), the nation's largest oil firm, has said that Unlock 1.0 will revive fuel sales soon, owing to the resumption of economic activities.

SI Reporter New Delhi

3 min read Last Updated : Jun 08 2020 | 4:25 PM IST

Shares of oil marketing companies (OMCs) ended firm on Monday after petrol and diesel prices were hiked by 60 paise per litre for a second straight day, after an 83-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 72.46 per litre from Rs 71.86 on Sunday, while diesel rates were increased to Rs 70.59 a litre from Rs 69.99, according to a price notification of state oil marketing companies.

Daily price revision has restarted, an oil company official said.

While oil PSUs have regularly revised ATF and LPG prices, they

Topics : OMCs Indian Oil Corporation HPCL BPCL Indian Oil OMCs Buzzing stocks Markets Sensex Nifty

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