Oil Marketing Companies

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

OMCs bleed ₹30,000 crore a month: How long can India hold down fuel prices?

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?

Govt may soon assess oil firms' ₹2 trillion under-recoveries: Hardeep Puri

Oil Minister Hardeep Singh Puri said state-run oil companies are facing mounting losses from frozen fuel prices amid rising crude oil costs and geopolitical tensions

India has ample fuel stocks, but OMC losses may hit ₹1 trillion: Puri

With two months of fuel stockpiles, India faces no supply concerns despite disruptions to global energy flows, Oil Minister Hardeep Singh Puri on Tuesday said, while warning that state-run fuel retailers face losses of as much as Rs 1 lakh crore in a single quarter if elevated crude prices persist and retail fuel prices remain unchanged. He said that at some stage an assessment needs to be made on how long retailers can sustain losses from selling petrol, diesel and cooking gas LPG below cost, but refused to speculate if rates would be raised anytime soon. "We have no supply-side problems," the minister said at CII's Annual Business Summit here, adding that India began the crisis with "more than enough" crude oil and LPG inventories and had since ramped up domestic LPG production to 54,000 tonnes per day from about 36,000 tonnes previously. At the same time, the minister acknowledged growing fiscal stress from keeping retail fuel prices unchanged. "My oil companies are losing Rs 1,

Losses pile up, oil marketing companies may hike retail prices of fuel

State-run oil firms face mounting under-recoveries as crude prices remain above $100 per barrel amid the US-Iran conflict and Strait of Hormuz disruptions

Under-recovery of ₹30K crore per month on LPG and fuel sales: Govt

State-run oil marketing companies are facing mounting under-recoveries as retail fuel prices remain largely unchanged despite crude oil hovering around $100 a barrel

Markets unprepared for a steep petrol, diesel price hike: Analysts

On its part, the government has denied reports of hiking petrol and diesel prices despite the surge in crude oil in the backdrop of the conflict in West Asia.

Emkay downgrades OMCs as oil prices surge; FY27 earnings may fall up to 60%

Emkay Global has cut ratings on OMC stocks as rising crude and windfall tax may hit margins. The brokerage sees up to 60% decline in FY27 earnings for HPCL, BPCL, IOCL

OMCs say petrol, diesel, LPG supply adequate in Telangana, demand stable

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

West Asia war: OMCs face renewed pressure as US-Iran peace talks collapse

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

Domestic OMCs to pay discounted rates to refiners amid fuel price freeze

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 raise red flag over viability of flex fuels, pricing structure

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

OMC shares: HPCL, BPCL, IOC slide up to 5% as crude jumps above $100/bbl

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.