India's oil marketing companies fall as crude spikes on Middle East tensions

Hindustan Petroleum

19/03/2026 09:00

** India's oil marketing companies fall as crude prices jump amid escalating Middle East tensions

** Shares of Bharat Petroleum Corp BPCL.NS down 5.78% at 286.15 rupees, Hindustan Petroleum Corp HPCL.NS sheds 7.76% to 322.25 rupees and Indian Oil Corp IOC.NS falls 3.66% to 142.84 rupees

** Crude prices rise to around $112 a barrel after Iran attacked several energy facilities across the Middle East on Wednesday, marking a major escalation in the conflict

** OMCs have come under pressure in recent sessions as geopolitical risks push oil prices higher

** YTD, BPCL dropped ~21%, HPCL down 30% and IOC lost 10.9%

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))