Oil Marketing Companies

Oil Marketing Companies (OMCs) in Telangana on Monday said the availability of petrol, diesel, and Liquefied Petroleum Gas (LPG) in the state is sufficient to meet current demand. OMCs have prioritised domestic LPG distribution, ensuring uninterrupted and timely delivery of cylinders, an official release said. Currently, approximately 2.18 lakh domestic LPG cylinders are being delivered daily in Telangana, as against 2,15,151 cylinders per day before the West Asia military conflict began, indicating a stable and robust supply system, it said. Demand for petrol and diesel has moderated and is now comparable to pre-war levels. LPG refill bookings have also declined significantly, as panic-driven bookings by consumers have reduced considerably, it added. According to the State-level Coordinator for OMCs, public sector oil companies are closely monitoring the supply situation and have undertaken necessary measures to streamline logistics and expedite deliveries. "OMCs are in continuou

Indian vessel carrying nearly 20,400 tonnes of LPG crossed Hormuz on April 11

In a first since fuel price deregulation, Indian state-run oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses from a self-imposed freeze on retail fuel prices, sources said. The oil marketing companies (OMCs) on March 26 fixed rates for petroleum products that are at a discount of up to Rs 60 per litre to their imported cost, two people with direct knowledge of the matter said. The discounted rates, which are applicable with effect from March 16, will hit standalone refiners such as MRPL, CPCL and HMEL the most. International oil prices have risen from about USD 70 per barrel before the Middle East conflict to over USD 100, but retail petrol and diesel prices in India have remained unchanged, forcing OMCs to absorb the impact. With no immediate end to the conflict in sight, OMCs have decided to fix a discount on the refinery transfer price (RTP) - the internal price at which refineries

OMCs flag pricing, demand and vehicle gaps as key hurdles to flex fuel rollout, questioning viability without clear incentives and ecosystem readiness

In the past one month, the stock price of BPCL (down 28%), IOC (27%) and HPCL (25%) tanked over 24% owing to rising crude oil prices amid the Iran war.

Analysts have revised their forecasts for oil & gas prices for the remaining part of 2026 as developments in West Asia continue to unfold.

For OMCs, analysts suggest the fall in stock prices reflects, to some extent, the pain on account of higher crude oil prices that surged past the $100 a barrel (bbl) mark

Thus far in March, the stock price of HPCL has slipped 22 per cent, while BPCL and IOCL were down 18 per cent and 14 per cent, respectively amid rising crude oil prices.

Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL) and Indian Oil Corporation (IOCL) were down by 4 per cent each on the BSE in Thursday's intra-day trade.

Rising global oil prices may intensify financial pressure on India's state-owned oil companies as retail fuel prices remain largely unchanged, says Moody's

UBS' Global Oil team has also raised their near-term oil price forecasts, Q1-26E to $71/bbl (around $80/bbl for March), and the average for 2026 to $72/bbl

Brent crude rose as much as 28.9 per cent to $119.5. West Texas Intermediate, the light, sweet crude oil produced in the US, was trading at $113.4 a barrel, up 24.7 per cent from Friday's close

Iran war impact: Nomura sees windfall gains for refiners like RIL but margin squeeze for Indian Oil, BPCL and HPCL amid rising crude and gas disruptions

Rising crude costs, reduced access to discounted Russian oil and heavy capex may pressure OMCs, though strong GRMs, demand growth and LPG subsidies support profits

The combined net profits of the listed companies excluding these cyclical sectors were up just 7.5 per cent Y-o-Y, decelerating from 17.2 per cent in Q3FY25 and 10.9 per cent in Q2FY26

In his video post, Ajay Singh repeatedly referred to his agonising condition as the govt owned companies has stopped buying ethanol from his plant in Bihar, putting his entire business into turmoil

HPCL has retreated sharply from its all-time high, and also underperformed its peers BPCL and IOC in the month of January thus far. Tech chart shows the stock is trading at the 200-DMA on Friday.

The upstream sector wants a reduction in cess on crude oil, restoration of tax holidays for new blocks and exemption of exploration activities from GST

The US President Donald Trump approved a bipartisan Bill titled the 'Sanctioning of Russia Act 2025', according to US Senator Lindsey Graham

OMC's are well positioned to benefit from fall in crude prices, improvement in refining margins, fuel consumption growth and petchem demand growth in India.