Oil Marketing Companies

OMCs back in profit as under-recoveries on petrol and diesel shrink

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

War-hit balance sheets: State-run OMCs' underrecoveries hit ₹2.19 trillion

High crude oil prices pushed state-run oil retailers into massive under-recoveries despite fuel price hikes, while LPG sales continued to remain loss-making, Petroleum Minister Hardeep Singh Puri said

West Asia crisis caused ₹74,781 cr loss on fuel sales for oil firms: Puri

Petroleum Minister Hardeep Singh Puri said rising crude prices during the West Asia conflict led to ₹74,781 crore in losses for state-run OMCs till June 30

How crises cemented the strategic role of India's state-run oil firms

Every time India has faced a major crisis - whether devastating floods, a once-in-a-century pandemic or the latest conflict in West Asia that threatened global oil supplies - it has been the country's state-run oil companies that have quietly kept fuel flowing. For decades, India's public sector oil marketing companies (OMCs) have often been criticised for low returns, government intervention in fuel pricing and bloated operations. They have twice been put on the block for privatisation, with plans to sell Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) gathering momentum in 2002 before being halted by a Supreme Court ruling and again in 2020, before the process was abandoned after failing to attract enough bids. Yet every national emergency has reinforced why governments have been reluctant to loosen their grip on companies that control the country's energy lifeline, analysts and industry officials said. When unprecedented floods submerged Chennai in

OMCs incur ₹22,000 crore LPG under-recoveries amid West Asia crisis

Higher global LPG prices and limited pass-through to household consumers have resulted in Rs 22,000 crore of under-recoveries for oil marketing companies since March

OMCs to infra: Analysts pick sectors likely to gain from US-Iran peace deal

Among sectors, Bernstein expects oil marketing companies (OMCs) will likely stand to benefit from reduced crude oil prices that dropped around 4 per cent on Monday to $83 a barrel (bbl)

Govt plans flex-fuel sale at 5K pumps by 2027-end: Hardeep Singh Puri

Oil marketing companies will begin selling flex fuel at select outlets in NCR and the Mumbai-Pune-Nagpur corridor before expanding nationwide

Govt directs oil marketing companies to build 30-day LPG storage capacity

The government has asked state-run oil marketing companies to maintain at least 30 days of LPG reserves as supplies from West Asia remain constrained

Govt warns industrial consumers against shifting to retail fuel outlets

State-run OMCs are currently absorbing losses of around Rs 550 crore per day on sale of petrol, diesel and domestic LPG

Oil & Gas stocks gain up to 7% on fuel price hikes; what changed on charts?

Hitesh Tailor, technical research analyst at Choice Broking highlights that HPCL, BPCL and Gail India have bounced back after taking support around their respective 200-week EMAs.

Petrol, diesel prices raised by up to ₹2.71; hike tops ₹7.5 within 2 weeks

Petrol and diesel prices were raised by Rs 2.61-2.71 per litre on Monday, marking the fourth increase in less than two weeks, as state-owned firms continued to pass on rising international prices to consumers. With the latest revision, cumulative increases in petrol and diesel prices are almost Rs 7.5 per litre since fuel rate revision resumed on May 15 after a prolonged freeze. Petrol price was increased by Rs 2.61 a litre to Rs 102.12 per litre in Delhi from Rs 99.51. Diesel rates have been increased by Rs 2.71 to Rs 95.20 per litre from Rs 92.49, industry sources said. The hikes come amid elevated global crude oil prices and a weakening rupee, which have increased pressure on oil marketing companies' import costs.

Third retail fuel price hike in 10 days; losses of OMCs narrow further

Oil marketing companies have raised fuel prices again amid elevated crude prices, while under-recoveries narrow as West Asia tensions keep energy costs high

Govt says ₹3 fuel hike trims OMC losses to ₹750 cr/day, but relief limited

Experts warn elevated crude prices, weak rupee and persistent under-recoveries could force tougher policy choices if the West Asia crisis drags on

BPCL plans ₹25,000 crore capex for FY27, calls fuel price hike respite

State-run oil major says recent increase in retail fuel prices has eased pressure amid soaring crude prices and mounting under-recoveries

OMCs raise petrol, diesel price by 90 paise per litre, 2nd hike in a week

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

OMCs hike petrol, diesel prices by Rs 3 per litre amid mounting losses

Petrol now costs ₹97.77 per litre in Delhi, up from ₹94.77 a litre earlier, while diesel prices have been raised to ₹90.67 per litre

Indian OMCs source crude at competitive rates in March amid Iran war

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

Fuel price hike may push back the consumption story amid higher inflation

Slowdown in consumption will come in the way of private investment, which can now turn further cautious on taking such decisions.

Mild fuel price hike may not significantly upend household budget

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

OMCs hike petrol, diesel prices in four metros amid West Asia crisis

Petrol in the national capital will now cost ₹97.77 per litre, up from ₹94.77, while diesel will be priced at ₹90.67 per litre, compared with ₹87.67 earlier