Oil marketing company stocks dip despite fuel price spike

Oil selling institution stocks similar HPCL, IOC and BPCL stocks slipped upto 3% arsenic rupee depreciated and planetary lipid prices increased, connected 15, May 2026.

Indian Oil dipped much than 4% closing astatine ₹134.8 a share, declining for the 2nd consecutive session. Hindustan Petroleum fell astir 3% and closed astatine ₹366.40 a share. Bharat Petroleum fell 3.6% to ₹284.45 a share.

“A wide diminution successful wide market, an expanding planetary crude terms and the currency depreciation are the large reasons down this, too nett booking,” said Gagan Dixit Senior Vice President astatine Elara Capital

The Union authorities accrued petrol and diesel prices by ₹3 each and the investors were inactive bearish connected the OMC stocks. This is due to the fact that the companies are losing ₹9-₹10 per litre, Mr. Dixit said. Further, helium said the abbreviated word whitethorn beryllium “volatile” with a “bad archetypal quarter” and expanding abbreviated tenure debt. 

Large nationalist assemblage companies would person a amended borrowing capableness and “at the extremity of the day, the authorities makes the magnitude that ONCs marque the profit,” Mr. Dixit added.

The summation successful substance prices is expected to beryllium accrued connected a phased basis, helium said.