India's oil marketing stocks rise as crude prices fall on easing US-Iran tensions

Hindustan Petroleum

12/06/2026 05:10

**  Shares of Indian oil marketing companies rise in morning trading
** Oil prices fall after U.S. President Donald Trump canceled ‌plans to strike Iran, reducing fears of an escalation of hostilities
** Indian Oil Corporation IOC.NS rises 2.6%; Bharat Petroleum Corporation BPCL.NS up 3.3%; Hindustan Petroleum HPCL.NS jumps 4% 
** Brent futures fell ​1.3% to $89.17, it has fallen 4.2% on a weekly basis  
** Higher oil prices tend to reduce operating margins for oil marketing companies 
** YTD, IOC down 17.7%, BPCL down 23.5%, HPCL down 24.4% vs 11.1% fall in Nifty Oil and Gas Index .NIFOILGAS

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com;))