Shares of oil marketing companies Hindustan Petroleum (HPCL), Bharat Petroleum (BPCL), and Indian Oil Corporation (IOC) surged up to 5% on Tuesday following a decline in Brent crude prices to $75 per barrel, down 3% for the day. At market opening, Brent crude futures were down $2.26, or 2.9%, and U.S. West Texas Intermediate crude futures fell $2.19, or 3%.
