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.
Slowdown in consumption will come in the way of private investment, which can now turn further cautious on taking such decisions.
We estimate the direct impact of this hike at around 8bps uptick each in the CPI inflation prints for May 2026 and June 2026, along with a mild indirect impact to the tune of around 10 bps, Nayar said
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
State-run oil marketing company reports higher refining margins and recommends a final dividend of Rs 19.25 per equity share for FY26
The board of HPCL has declared a final dividend of ₹19.25 per share of ₹10 face value for the financial year 2026 and set August 14 as the record date.
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
At the top of the list is Bharat Petroleum Corporation (BPCL), which offers the highest dividend yield of 7.5 per cent
Stocks to Watch today, April 21, 2026: From PNB Housing to HCLTech, here are key stocks that will remain in focus
Massive fire near crude distillation unit at Balotra refinery site prompts postponement of PM Modi's visit; no casualties reported, probe underway
Crude oil prices fell for a second day on Wednesday on expectations that peace talks between the US and Iran may resume
Hindustan Petroleum Corporation Limited seeks LPG cargo from Russia as Hormuz disruption deepens supply crisis, forcing India to diversify sourcing beyond the Middle East
The selling in HPCL, IOCL, BPCL came after oil prices surged above $100 per barrel as escalating tensions in West Asia spooked investors.
Cabinet approves revised Rs 79,459 crore cost for HPCL Rajasthan refinery, boosting petrochemical output and supporting energy security and import substitution
CCEA hikes HPCL refinery cost, clears hydro projects and Kharif fertiliser subsidy in a series of key approvals
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