On May 15, shares of public sector oil marketing companies fell after petrol and diesel prices were raised by about Rs 3 per litre. Hindustan Petroleum (HPCL) dropped over 2% to an intraday low of ₹367.10, BPCL slid about 2% to ₹289.05, and IOCL eased 0.6% to ₹139.35. The move came as Brent traded near $107 and WTI near $102.4 amid a crude oil crisis and geopolitical worries around the Strait of Hormuz, while Delhi and other cities saw price increases.
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