BPCL, HPCL, IOCL, Reliance Shares Alert: Why Oil & Gas Stocks Fall After Rs 3/Litre Windfall Tax On Petrol?

The decline in OMC stocks comes after a hike in retail prices of petrol and diesel by Rs 3 per litre last week. While natural gas companies like MGL, GAIL, Adani Total Gas, and IGL tumbled after hike in CNG rates by Rs 2 per Kg across major metro cities.

May 18, 2026 - 12:00
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BPCL, HPCL, IOCL, Reliance Shares Alert: Why Oil & Gas Stocks Fall After Rs 3/Litre Windfall Tax On Petrol?
The decline in OMC stocks comes after a hike in retail prices of petrol and diesel by Rs 3 per litre last week. While natural gas companies like MGL, GAIL, Adani Total Gas, and IGL tumbled after hike in CNG rates by Rs 2 per Kg across major metro cities.

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