OMC Stocks Gain on BPCL’s Crude Ownership Expansion Plan

Oil marketing company stocks rose up to 2% on May 20 after Bharat Petroleum Corporation Limited said it aims to secure ownership of 6–7 million tonnes of crude oil annually over the long term. Investors welcomed BPCL’s capital allocation strategy, viewing it as a move to strengthen energy security and reduce dependence on volatile global crude markets. $BPCL