Oil Marketing Companies

The oil price surge is putting pressure on fuel retailers and government finances, raising concerns over inflation and a widening fiscal deficit

Clean toilets at petrol pumps may seem like a small amenity, but oil marketing companies are seeking to make them a visible measure of customer service, with senior executives personally leading inspections of washrooms across the country and QR codes inviting travellers to rate their experience. Under the Ministry of Petroleum and Natural Gas' Swachhata Abhiyan, public-sector oil marketing companies are stepping up checks and maintenance of toilets at retail fuel outlets, seeking to turn a cleanliness drive into a lasting customer-service commitment rather than a temporary campaign. The message is increasingly coming from the top. Directors (Marketing) of Indian Oil Corporation Ltd (IndianOil) and Bharat Petroleum Corporation Ltd (BPCL) have taken to inspecting outlets themselves, spotlighting clean facilities and reinforcing the expectation that hygienic washrooms should be part of the service motorists can count on when they pull into a petrol pump. During visits to COCO BKC and

With retail diesel prices frozen, state-run oil firms are blending up to 5% biodiesel at select outlets as crude costs rise and marketing margins come under pressure

India's cumulative ethanol receipts reached 987 crore litres by the end of September in the current supply year, with grain-based feedstocks accounting for more than 71 per cent of the total, the All India Distillers' Association (AIDA) said on Thursday. Receipts by oil marketing companies stood at 987 crore litres in Ethanol Supply Year 2025-26 (November-October), against a total contracted allocation of 1,197 crore litres, or 82.5 per cent fulfilment, AIDA said in a statement. Grain-based feedstocks supplied 705 crore litres, or 71.4 per cent of receipts, against an allocation of 908 crore litres, a fulfilment rate of 77.6 per cent. Maize was the largest single contributor at 413 crore litres, or over 41 per cent of total receipts, against an allocation of 614 crore litres. Surplus rice from the Food Corporation of India (FCI) supplied 222 crore litres against an allocation of 233 crore litres, while damaged food grains supplied 70 crore litres, above their 60 crore-litre ...

Underrecoveries reach Rs 8/litre on petrol and Rs 9/litre on diesel in September

US share of India's LPG imports has fallen to 16% in September as UAE supplies surge, while delivered LPG premiums have rebounded to nearly $450 per tonne

State-run oil marketing companies are facing mounting losses on petrol and diesel sales as a surge in crude prices outpaces unchanged domestic fuel prices, rating agency ICRA said. Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) are losing Rs 8 a litre on petrol, and Rs 9 on diesel, while under-recoveries on domestic liquefied petroleum gas (LPG) stood at about Rs 300 per cylinder, ICRA said. "At these levels, the daily loss to the OMCs is estimated at Rs 530 crore," ICRA said. Crude oil prices have risen sharply in recent weeks amid escalating geopolitical tensions and supply disruptions in West Asia. The surge was driven by renewed US-Iran conflict, the shutdown of Saudi Arabia's East-West pipeline and heightened Houthi activities in the Red Sea. The price of the basket of crude oil India imports rose to USD 117.4 per barrel as on September 21, 2026, from the 2025-26 average of around USD 66 a barrel. "The ...

Equirus Securities sees HPCL as the most vulnerable among major oil marketers, while BPCL is relatively better placed due to stronger integration and distillate yields

OMCs are likely to report sequential improvement in Q2FY27 on stronger refining margins and lower LPG under-recoveries, but H2FY27 faces significant downside risks

Oil at $100: OMC stocks have already been punished significantly, and therefore investors are not reacting in panic after such a major fall, believe analysts.

OMCs are losing ₹5 a litre on petrol and ₹23 on diesel as Brent crude crosses $100 a barrel, while escalating US-Iran tensions add to India's energy supply risks

Brent Crude oil last traded above the $100 mark on May 25, 2026, before Wednesday; since then select stocks from the Nifty Oil & Gas index soared up to 82%, while two declined over 10%, shows data.

Nomura maintains its bearish medium-to-long-term outlook on crude oil, citing the potential for the largest-ever global oil surplus in 2027E based on IEA forecasts.

The ratings agency estimates that an integrated OMC's operating profit would turn negative at around $115 a barrel, assuming no further increase in petrol and diesel retail prices.

Elevated crude prices against the backdrop of the West Asia crisis remained the key factor that roiled the OMCs' Q1 earnings performance.

Higher crude prices, a weaker rupee, elevated insurance costs and delayed fuel price hikes are expected to weigh on the June-quarter earnings of state-run oil marketing companies

Petrol and diesel sales by India's three state-run fuel retailers rose sharply in the first half of July, helped by below-normal monsoon rainfall that boosted fuel demand from farmers and motorists, preliminary sales data showed on Thursday. Petrol sales by Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) climbed 22.9 per cent to 1.63 million tonnes during July 1-15, compared with 1.33 million tonnes in the corresponding period a year earlier. The volume was also 26.7 per cent higher than 1.29 million tonnes sold during the first half of July 2024 and 38.6 per cent above the level recorded in the same period of 2023. Compared with the first half of June, however, petrol sales fell 4.4 per cent from 1.71 million tonnes. Diesel sales, a key indicator of economic activity in India, rose 20.9 per cent year-on-year to 3.46 million tonnes in the first fortnight of July from 2.87 million tonnes a year earlier. The volume was 18.4 per cent hig

Nomura said that elevated crude oil prices are negative for OMCs' marketing margins and CGDs' input costs, while positive for upstream realisations in the near term.

The rupee slipped to a three-week low as dollar buying by oil firms and NDF demand offset support from lower crude oil prices

Analysts and the government differ on fuel under-recoveries as crude prices ease, highlighting contrasting views on OMC margins and India's fuel pricing formula