Data▼ Bearish for Indian Oil

Jio-BP and Nayara cap diesel sales at select pumps as crude prices surge

2 sources · first seen 12:20 24 Sept · updated 17:17 24 Sept

The brief

Written from 2 reports · check the source before you trade

Crude crossed $117/barrel, while OMC margins were squeezed by ₹9/litre
Jio-BP and Nayara capped diesel sales at select outlets; private pumps limited customers to 50 litres
Squeezed fuel margins weigh on IOC and BPCL, while diesel limits affect fuel retailers

the session the news first traded, and since

Stock	Traded	That day	vs Nifty	Volume	Since
BPCL	Thu, 24 Sept	−2.7%	−1.1%	0.7×	−2.3% · Nifty −1.3%
IOC	Thu, 24 Sept	−1.4%	+0.3%	0.9×	−1.8% · Nifty −1.3%

✓ Classifier read this as negative; BPCL fell 1.1% against the Nifty on the day it traded.

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2 reports · earliest 12:20