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)
Stocks to Watch today, March 27, 2026: BPCL, IOCL, Oil India, RIL, and others will be in focus; here's why
Brent crude oil prices cooled off on reports that the US is seeking a month-long ceasefire in its war on Iran, and had sent a 15-point plan to Iran for discussion
Stocks to Watch today, March 25, 2026: From OMCs to RIL, here is a list of stocks that will be in focus today
Stocks to Watch today, March 24, 2026: From HDFC Bank to oil related stocks, here is a list of shares that will remain on investors' radar
According to a Nomura note dated March 22, industrial diesel prices were increased to ₹109.59 per litre from ₹87.57 per litre on March 20, marking a jump of about 25 per cent
HPCL raised premium petrol prices by ₹2 per litre, while regular petrol and diesel rates remain unchanged
Notably, OMCs' shares have remained volatile over the past two weeks as crude oil prices have surged more than 40 per cent amid the ongoing West Asia conflict involving the US, Israel and Iran
Oil prices rose after Iran attacked several energy facilities across West Asia following a strike on its South Pars gas field, a major escalation in Tehran's war with the US and Israel
A lack of effort to push alternative fuels, weak monitoring, rising demand under PMUY, and a widening gap between retail and market prices are straining India's LPG ecosystem
Mahanagar Gas (MGL) and Indraprastha Gas (IGL) are less vulnerable compared to Gujarat Gas, according to Nomura
IOCL, BPCL, and HPCL have said that they are boosting LPG production and prioritising household supply after the Centre directed refineries to use all propane, butane, and other gas streams for LPG
The Centre has directed refiners to maximise LPG production and ensure supplies go only to state-run retailers for domestic use as tensions in West Asia threaten global energy flows
State-run HPCL resumes Russian oil purchases after a three-month gap, booking two discounted cargoes as Moscow's share in India's crude imports shows signs of rising again
The Islamic Revolutionary Guard Corps (IRGC) has announced the closure of the Strait of Hormuz (SoH), warning that any vessel attempting to transit the waterway would be targeted
Brent crude oil prices rose above $82 a barrel after rallying about 12 per cent over two days, the biggest gain since 2020, according to Bloomberg
The crude was bought in two separate deals and will be co-loaded on a very large crude carrier to cut shipping costs, lifting India's Venezuelan imports to at least 6 million barrels through April
State-owned Indian Oil Corporation (IOC) and Hindustan Petroleum Corporation Ltd (HPCL) have jointly bought 2 million barrels of Venezuelan crude oil - the second deal that Indian refiners have struck since oil restarted flowing into international markets. The two firms have bought 2 million barrels of Merey crude from Trafigura for delivery in the second half of April, sources said. 1.5 million barrels of oil will be delivered to IOC's Paradip refinery in Odisha and rest 500,000 barrels to HPCL's Visakhapatnam unit in Andhra Pradesh. This is the second deal for Venezuelan crude after Reliance Industries bought 2 million barrels of Venezuelan oil for April delivery from Vitol. The world's third-largest oil consumer halted Venezuelan crude purchases after US sanctions were reimposed. It has resumed imports after the US granted Vitol and Trafigura a licence to sell Venezuelan oil after President Nicolas Maduro was seized in a military operation and Washington asserted control over the
New Delhi has not officially announced plans to halt Russian oil imports
HPCL hopes to start crude processing at its 180,000 bpd Barmer refinery in Rajasthan by the end of January, making it India's 2nd -largest state-run refiner, behind Indian Oil Corp