Oil Marketing Companies
BPCL, HPCL, IOC stocks rally up to 4% on sharp retreat in crude oil prices
Oil marketing companies BPCL, HPCL, and IOCL saw share price rallies of up to 4% on January 16, rebounding from recent losses as global crude prices dropped due to easing Middle East tensions. Cheaper crude benefits OMCs by lowering refining costs and improving cash flow.
2 min read16 Jan 2026Indian oil shares swing as Venezuela crisis raises fears of crude supply shocks
Oil stocks have been volatile as the market seems to be pricing in a spike in crude prices owing to prolonged uncertainty and possible supply-chain disruption. However, the lifting of US sanctions on Venezuela and the formation of a pro-US government there could raise supplies significantly.
2 min read7 Jan 2026Reliance shares drop 1% from record high; ONGC down 2%— How to trade these oil companies amid US-Venezuela conflict?
As geopolitical tensions rise following a US military strike on Venezuela, Reliance and ONGC stocks face volatility. Experts suggest monitoring key support levels and accumulation zones, while highlighting differing impacts on these oil giants.
5 min read5 Jan 2026BPCL, HPCL, IOC stocks rally up to 3% as crude oil prices drop to one-month low
Shares of BPCL, HPCL, and IOCL rose up to 3% on Tuesday as Brent crude futures fell to $61 per barrel. The increase in share prices reflects improved market sentiment amid expectations of a potential peace agreement in Ukraine that may lift sanctions on Russian oil.
2 min read26 Nov 2025HPCL, BPCL to IOC: Why are oil stocks under pressure?
Oil stocks fell crude oil prices surged, with the Brent oil prices gaining more than 3%. HPCL share price dropped as much as 4.06%, while BPCL shares fell 2.66% and Indian Oil stock price declined 2.58% on the BSE. Mangalore Refinery and Petrochemicals (MRPL) shares also tumbled 4.02%.
2 min read23 Oct 2025Higher LPG compensation is positive for OMCs, says JM Financial; upgrades IOCL to 'Hold' on fair valuations
According to domestic brokerage firm, JM Financial, the approved LPG compensation is a significant positive for OMCs, as it exceeds the consensus expectation of ₹10,000–15,000 crore and also upgraded its rating on IOCL to hold from sell, citing reasonable valuations.
3 min read11 Aug 2025Cabinet approves ₹30,000 crore LPG subsidy to OMCs to ensure affordable cooking gas for middle class: Ashwini Vaishnaw
The compensation will be paid in 12 tranches to state-owned OMCs including Indian Oil, Bharat Petroleum and Hindustan Petroleum, the Ministry of Petroleum said in a statement on Friday.
1 min read8 Aug 2025Russian oil import cuts could hit Indian OMCs GRM by $1–1.5/bbl, says report
Trump's recent tariff on Indian imports and threats against Russian oil buyers reflect efforts to pressure Russia regarding the Ukraine conflict. India's significant rise in Russian crude imports poses risks for its refiners, while global oil prices could spike if India halts these purchases.
3 min read4 Aug 2025Never mind the US drub, India continues to buy oil from Russia; discount seen rising
State-owned refiners—Indian Oil Corp Ltd, Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Lt—continue to buy oil from Russian suppliers, and negotiations are underway for spot deals, said two people in the know of the developments.
3 min read2 Aug 2025Commercial 19-kg LPG cylinder prices reduced by ₹58.50 — Here is how much it costs in your city
The move brings relief to commercial users such as hotels, restaurants, and businesses. It came into effect on July 1.
1 min read1 Jul 2025