OMCs

Petrol now costs ₹98.64 a litre in the national capital, from earlier ₹97.77 a litre and diesel is priced higher at ₹91.58 per litre

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India will continue purchasing Russian crude oil despite the expiry of the US waiver, while fuel retailers' under-recoveries have narrowed after the recent price hike

A Rs 3-per-litre increase in petrol and diesel prices has helped state-run oil marketing companies trim daily losses by nearly a quarter, reducing overall losses to around Rs 750 crore per day from Rs 1,000 crore, a senior oil ministry official said Monday. However, elevated global crude prices and a weak rupee continue to keep pump rates below cost-recovery levels. At a news briefing, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said a bailout package, in the form of a government subsidy to make up for losses state-owned oil companies are incurring on selling petrol, diesel and cooking gas LPG below cost, is "still not on the table". International oil prices rose sharply after the US-Israeli war against Iran triggered the largest-ever oil supply disruption. To keep the domestic market insulated, the state-owned oil companies continued to sell fuel at two-year-old rates till May 15, when prices of petrol and diesel were raised by Rs 3 per litre. The

The upward revision in prices for both fuels, said Jyotivardhan Jaipuria, founder and managing director at Valentis Advisors, was already expected though the quantum of ₹3 per litre seems too less.

Rajesh Bhosale, technical analyst at Angel One highlights that BPCL and IOC have consistently faced resistance around their respective 50-day EMAs on the charts in recent past.

March crude procurement costs for Indian OMCs remained steady year-on-year in dollar terms and rose only slightly from February, despite the West Asia conflict

Public sector OMCs, including Indian Oil, BPCL, and HPCL, have been incurring losses of about ₹20 per litre on petrol and nearly ₹100 per litre on diesel due to elevated global crude prices

Hindustan Petroleum reported a consolidated net profit of ₹6,065.26 crore, up 77 per cent from ₹3,415 crore in the year-ago period

India is shielding consumers from rising global oil prices, but OMC losses are surging. How long can fuel prices stay frozen before fiscal pressure forces tough decisions?

Among the index constituents, Mahanagar Gas fell around 4.5 per cent, followed by IOCL, BPCL, Adani Total Gas, HPCL, Petronet LNG, Chennai Petroleum, and GAIL down over 2 per cent each

State-run oil firms may face steep LPG under-recoveries in FY27 due to high global prices and supply disruptions, with broader cost pressures seen across energy-linked sectors

The Centre has proposed draft norms to include E100 in emission testing, aiming to accelerate flex fuel vehicle adoption and boost ethanol demand amid energy supply concerns

Trial run of PGM facility in Bhubaneswar marks key step towards domestic extraction of critical minerals, reducing import dependence and boosting strategic capabilities

LPG bookings have declined sharply from peak levels as state-run OMCs ramp up deliveries, supported by higher production and measures to manage supply disruptions

Crude oil prices fell for a second day ‌on Wednesday on expectations that peace talks between the US and Iran may resume

India's state-run refiners sharply increased Russian crude purchases in March amid supply disruptions, aided by a US waiver, even as overall crude imports declined

Rising crude prices and higher under-recoveries are weighing on OMCs, with revised windfall taxes offering limited relief as retail price hikes appear increasingly likely

Nomura believes oil marketing companies (OMCs) are likely to face margin pressure after the government raised prices of aviation turbine fuel (ATF) and commercial liquefied petroleum gas (LPG)

Jet fuel prices were partially raised to cushion domestic travellers despite global surge, while commercial LPG prices were hiked and domestic rates kept unchanged