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Why HPCL is more vulnerable to fuel price cuts than peers

[ad_1] Hindustan Petroleum Corp. Ltd’s (HPCL) shares are down nearly 30% after hitting a lifetime high of ₹595 apiece on 16 February. The decline may indicate that investors are anxious to book profits because of concerns about a potential cut in fuel prices ahead of the upcoming general elections. These fears have come true with the government announcing a price cut of ₹2 per litre for petrol and diesel.…

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