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Oil shock: Upstream oil stocks drop as government likely to impose oil tax

Updated : May 24, 2018 05:29 PM IST

The upstream oil companies slipped in trade on Thursday after sources told PTI that the government may levy an oil tax to ease the rising fuel prices.
ONGC lost more than 4% while Oil India lost 7% in Thursday's market session.
HPCL and BPCL lost around a percent in Thursday's market session.
Oil shock: Upstream oil stocks drop as government likely to impose oil tax
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