Oil Marketing Companies

UBS downgrades HPCL, BPCL, IOC stocks as crude prices breach $100/barrel

UBS' Global Oil team has also raised their near-term oil price forecasts, Q1-26E to $71/bbl (around $80/bbl for March), and the average for 2026 to $72/bbl

Oil price-sensitive stocks slide: airlines, tyres, paints under pressure

Brent crude rose as much as 28.9 per cent to $119.5. West Texas Intermediate, the light, sweet crude oil produced in the US, was trading at $113.4 a barrel, up 24.7 per cent from Friday's close

West Asia war: RIL to benefit, OMCs, CGDs may face margin hit, says Nomura

Iran war impact: Nomura sees windfall gains for refiners like RIL but margin squeeze for Indian Oil, BPCL and HPCL amid rising crude and gas disruptions

Higher crude prices and expansion plans may weigh on OMC performance

Rising crude costs, reduced access to discounted Russian oil and heavy capex may pressure OMCs, though strong GRMs, demand growth and LPG subsidies support profits

Q3 scorecard: OMCs, banks drove India Inc's steepest profit rise in 8 qtrs

The combined net profits of the listed companies excluding these cyclical sectors were up just 7.5 per cent Y-o-Y, decelerating from 17.2 per cent in Q3FY25 and 10.9 per cent in Q2FY26

Why did Ajay Singh's video on a closed ethanol plant in Bihar go viral?

In his video post, Ajay Singh repeatedly referred to his agonising condition as the govt owned companies has stopped buying ethanol from his plant in Bihar, putting his entire business into turmoil

HPCL tanks 18% from record high, nears 200-DMA; lags BPCL, IOC; show charts

HPCL has retreated sharply from its all-time high, and also underperformed its peers BPCL and IOC in the month of January thus far. Tech chart shows the stock is trading at the 200-DMA on Friday.

Budget: Oil & gas sector seeks GST relief, LPG under-recovery compensation

The upstream sector wants a reduction in cess on crude oil, restoration of tax holidays for new blocks and exemption of exploration activities from GST

OMC stocks crack on US sanctions fears; BPCL falls 4%, HPCL 5%

The US President Donald Trump approved a bipartisan Bill titled the 'Sanctioning of Russia Act 2025', according to US Senator Lindsey Graham

Oil & Gas index surges nearly 3%; HPCL, Oil India, BPCL, IOC rally up to 6%

OMC's are well positioned to benefit from fall in crude prices, improvement in refining margins, fuel consumption growth and petchem demand growth in India.

OMCs may see rerating as crude stays soft, GRMs strong and LPG losses ease

The next few quarters could favour downstream refiners and marketers over upstream, with Brent expected to stay in a $60-65 range or drift lower, while GRMs remain strong and LPG under-recoveries ease

Diesel relief, LPG boost: Motilal Oswal pegs 31% upside for HPCL stock

Despite the near-term volatility, HPCL's valuations remain reasonable, the brokerage noted. The stock trades at 1.4x one-year forward price-to-book, slightly above its long-term average of 1.2x.

Oil marketers' FY26 operating profit likely to surge over 50%: Crisil

Oil marketing companies (OMCs) are poised for a sharp rebound, with operating profits expected to surge more than 50 per cent to USD 18-20 per barrel this fiscal year, driven by stronger marketing margins amid stable retail fuel prices and supportive crude oil dynamics, Crisil Ratings said on Friday. OMCs earn from refining (gross refining margins or GRMs) and from marketing of petrol, diesel, and other fuels. "This fiscal, the improvement in marketing margin will more than offset a moderation in refining margin owing to slow growth in global demand for fossil fuels as the world transitions towards cleaner energy sources," Crisil Ratings said in a note. Healthy profitability is set to bolster cash accruals to Rs 75,000-80,000 crore, compared with about Rs 55,000 crore last fiscal year. The stronger cash flow will support the sector's planned Rs 90,000 crore capex, largely focused on brownfield expansion and domestic demand-driven projects. Crude oil prices are expected to soften to

LPG deal with US likely to shield India from geopolitical shocks

India's decision to import LPG from the US helps it to diversify sources as it reduces almost full reliance on West Asian countries for supply of the country's primary cooking fuel

Indian OMCs unlikely to see impact on margins after US curbs on Russian oil

Fitch Ratings says sanctions on Rosneft and Lukoil - which supply around 60% of India's Russian crude - may not materially affect OMC margins, though compliance challenges

OMCs in focus, stocks rally up to 13% in 1 month; BPCL hits new high

Outlook on OMCs: Analysts at Motilal Oswal revised upwards the FY26/FY27 estimates for OMCs factoring in monthly LPG under recovery compensation over Nov'25-Oct'26 under revenue.

Sugar industry likely to get sweet reprieve amid ethanol, pricing shocks

Centre's move to allow 1.5 million tonnes of sugar exports offers relief to a stressed sector grappling with ethanol allocation cuts, cane price hikes, and growing political pressure

IOCL, BPCL, HPCL hit 52-week highs; What's driving OMCs to outperform?

In the past one week, the BSE Oil & Gas index up 3.4 per cent, as compared to 0.91 per cent decline in the BSE Sensex.

BPCL shares rise 2% after positive earnings; Q2 breakdown here

BPCL shares rose after it reported a 168 per cent Y-o-Y jump in standalone net profit at ₹6,442 crore for the second quarter

Ethanol makers slam OMCs' 2025-26 supply tender over allocation policy

Both grain and sugarcane ethanol producers criticise OMCs' allocation for 2025-26, citing unfair distribution, capacity underuse, and potential negative impact on the sugar sector