Petrol and diesel prices across several Indian cities remained largely unchanged for the fourth day in a row on Wednesday, 18 March, continuing the recent trend of stability in retail fuel rates. Steady pricing for petrol and diesel is holding in India, even as global oil markets see volatility, driven by geopolitical tensions in the…
As the tensions in the Middle East continue, uncertainty looms over supply of domestic Liquefied Petroleum Gas (LPG). The recent price hike has further created panic and fear among consumers anticipating future shortage. Indian Oil Corporation issued an advisory on Tuesday, urging customers to book LPG cylinders only in case of need to curtail hoarding,…
Oil Stocks: The effect of increasing tension in the Middle East is now clearly visible on the oil sector of the Indian stock market. There was a huge fall in the shares of Indian Oil Corporation, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited during trading on Monday. Shares of these three oil companies…
IOC Dividend, Record Date: Indian Oil Corporation on Friday gave the good news of dividend to its shareholders. The board of the company called a meeting and after considering the interim dividend for the shareholders, it approved it. The board meeting approved a second interim dividend of Rs 2 per share for FY 2026. Source
Petrol had held up better until last week, with Investec estimating marketing margins at ₹7 a litre. However, petrol forms a smaller share of OMCs’ volumes. Rising crude means petrol cracks are swinging violently, and with a lack of pricing levers at the pump to protect downside, the math is set to change. Petrol margins…
The Indian stock market is expected to open lower on Tuesday, tracking unfavorable cues from global markets. The trends on Gift Nifty also signals a weak start for the frontline indices, Nifty 50 and Sensex today. The domestic equity market indices ended higher in the previous session, with the benchmark Nifty 50 closing above 25,700…
OMC stocks under pressure: Shares of oil marketing companies (OMCs) fell up to 3% on Thursday, February 19. The three state-run OMCs—Hindustan Petroleum Corporation (HPCL), Bharat Petroleum Corporation (BPCL) and Indian Oil Corporation (IOC) —saw a retreat in their share prices, giving up recent gains, as the rebound in global crude prices weighed on investor…
OMC stocks to buy: Refining margin boost, decline in crude prices and lower LPG under recoveries boosted the performance of oil marketing companies (OMCs) during the third quarter of the financial year 2025-26 (FY26). Oil marketing companies’ EBITDA and PAT came in at ₹₹39,500 crore ₹23,740 crore, respectively for Q3FY26 – up 91% or 2.4x…
Shares of oil marketing companies (OMCs), including BPCL, HPCL, and IOCL, rallied up to 4% on Friday, January 16. HPCL’s share price jumped as much as 3.7% to ₹456.50 apiece, while BPCL rallied 3% to ₹367.75 and IOC gained as much as 2%. The three state-run OMCs—Hindustan Petroleum Corporation Ltd, Bharat Petroleum Corporation Ltd, and…
IOCL Chairman AS Sahney ET NOW EXCLUSIVE: Indian Oil Corporation (IOCL) Chairman Arvinder Singh Sahni has said that there is no shortage of crude oil supply globally and currently refining margins remain strong, which is compensating the pressure on marketing margins. He also clarified that the under-recovery on LPG has been largely balanced out and…
