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HPCL fell up to 1% on NSE on Thursday, with BPCL and IOC also sliding, as crude oil prices crossed $90 per barrel. Higher crude squeezes margins for state-owned fuel retailers when domestic pump prices are not raised in step.
HPCL, BPCL, and IOCL are expected to post a combined EBITDA loss of up to Rs 47,700 crore in Q1FY27 as elevated crude prices, LPG under-recoveries, weak marketing margins, and rupee depreciation all hit at once. Analysts warn further fuel price hikes may be necessary if crude stays high.
Shares of HPCL, BPCL, and IOC fell up to 5.4% on July 8, 2026, after a surge in crude oil prices driven by Middle East tensions revived margin pressure fears. Investors booked profits as higher crude costs risk squeezing the companies' refining and marketing earnings.
India's three state-owned fuel retailers, Indian Oil, HPCL, and BPCL, are losing roughly ₹30,000 crore a month selling petrol, diesel, and LPG below international rates. The sustained losses are weighing on company earnings and pushing their share prices lower.
Tag
HPCL fell up to 1% on NSE on Thursday, with BPCL and IOC also sliding, as crude oil prices crossed $90 per barrel. Higher crude squeezes margins for state-owned fuel retailers when domestic pump prices are not raised in step.
26d ago · 2 min · Markets
HPCL, BPCL, and IOCL are expected to post a combined EBITDA loss of up to Rs 47,700 crore in Q1FY27 as elevated crude prices, LPG under-recoveries, weak marketing margins, and rupee depreciation all hit at once. Analysts warn further fuel price hikes may be necessary if crude stays high.
1mo ago · 4 min · Markets
Shares of HPCL, BPCL, and IOC fell up to 5.4% on July 8, 2026, after a surge in crude oil prices driven by Middle East tensions revived margin pressure fears. Investors booked profits as higher crude costs risk squeezing the companies' refining and marketing earnings.
1mo ago · 3 min · Markets
India's three state-owned fuel retailers, Indian Oil, HPCL, and BPCL, are losing roughly ₹30,000 crore a month selling petrol, diesel, and LPG below international rates. The sustained losses are weighing on company earnings and pushing their share prices lower.
3mo ago · 2 min · Markets
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