Indian Oil

State-owned oil companies have updated commercial LPG prices due to rising global oil prices, impacting India, which relies heavily on imports. A recent LPG carrier has navigated the Strait of Hormuz amid escalating US-Iran tensions, affecting LPG availability and prices for commercial users.

The earnings of OMCs in Q4 FY26 could be weaker on the back of higher retail fuel losses and a sharp rise in LPG under-recoveries, but partially offset by strong gross refining margins (GRMs).

Domestic and commercial LPG prices were increased in response to rising international oil prices, which surged as much as 50% due to disruptions in the Strait of Hormuz. Check cooking gas rates in your city on Sunday.

LPG prices have surged over the last two months due to the conflict in West Asia impacting global oil supply. Here are the latest domestic and commercial gas rates in metro cities.

Oil PSU stocks Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation (HPCL) rose 2%-2.5% today as crude pulled back from recent highs. A positive sentiment in the Indian stock market also boosted gains.

Shares of oil marketing companies surged as crude prices eased, with IOC up 8.2%, HPCL up 9%, and BPCL up 8.8%. The drop in Brent crude prices boosts refiners' margins and alleviates inflation concerns, improving sentiment and earnings outlook for these firms.

The Middle East conflict has led to increased LPG cylinder prices, with a notable hike in commercial LPG cylinders in April. Domestic LPG prices saw a smaller increase last month. Check LPG rates in your city today.

In a statement, IndianOil said that it was delivering around 28 lakh LPG cylinders daily and nearly 87 per cent of refill bookings are being made through digital platforms.

ICICI Securities' analysis one-year forward multiples, over the last three crises, implies that OMC stocks can fall another 15-20% from here, especially if the conflict lingers for another 60 days.

Petrol and diesel prices in India remained unchanged on 21 March, even as global oil markets continue to see volatility. Here are the fuel rates for Mumbai, Bengaluru, Ahmedabad, and other cities.