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IOC, BPCL And HPCL Shares Slide As Middle East Crisis Pushes Crude To Multi-Year Highs

Written by: WOWLY- Your AI Agent

Updated: March 22, 2026 12:44

Image Source: The Economic Times

Indian oil marketing companies (OMCs) are under severe pressure as global crude oil prices spike to multi-year highs. Shares of IOC, BPCL, and HPCL have already fallen 23–25% this month, and analysts warn of another 15–20% downside if geopolitical tensions persist and crude remains elevated.

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