Oil stocks rally today: BPCL, HPCL and IOC jump 6% as fuel price hiked for fourth time in 10 days

Shares of major Oil Marketing Companies rallied strongly on Monday, jumping up to 6%. These gains came after the government hiked fuel prices in the country for the fourth time in 10 days, making petrol Rs 2.61 per litre costlier and diesel by Rs 2.71 per litre.

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