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Shares of lipid selling companies (OMCs), including HPCL and IOC, were trading higher connected Tuesday (May 19, 2026) aft petrol and diesel prices were hiked by astir 90 paise per litre, marking the second summation successful substance rates successful little than a week.
The banal of Hindustan Petroleum Corporation Limited climbed 3.29%, Indian Oil Corporation edged higher by 3.10%, and Bharat Petroleum Corporation Limited went up by 3% connected the BSE.
Petrol and diesel prices were hiked by astir 90 paise per litre connected Tuesday (May 19, 2026), marking the 2nd summation successful substance rates successful little than a week aft State-run lipid firms ended a astir four-year frost connected revisions.
The summation pushed petrol prices successful New Delhi to ₹98.64 per litre from ₹97.77, portion diesel roseate to ₹91.58 from ₹90.67, according to manufacture sources.
On Friday (May 15, 2026), petrol and diesel prices were raised by ₹3 per litre for the archetypal clip successful much than 4 years, arsenic surging planetary crude prices pursuing the Iran warfare forced State-run substance retailers to walk connected portion of their mounting losses aft months of holding rates dependable done cardinal State elections. Rates alteration crossed States owed to differences successful value-added tax.
Global crude prices person surged much than 50% since U.S.-Israeli strikes connected Iran connected February 28 and Tehran's retaliation, disrupting flows done the Strait of Hormuz, a cardinal artery for planetary lipid shipments.
