HPCL, BPCL to IOCL: OMC stocks decline up to 2.6% even after petrol, diesel prices raised by₹3/litre; here's why

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Shares of state-run oil marketing companies fell despite a petrol and diesel price hike, as investor sentiment remained weak due to lower-than-expected increases and rising global crude prices. Petrol in Delhi is now ₹97.77 per litre, while diesel is ₹90.67 per litre.