Indian oil marketing companies fall as crude prices spike

Hindustan Petroleum

13/04/2026 04:48

** Shares of Indian oil marketing companies fall between 2.8% and 5%

** Shares of Bharat Petroleum Corp BPCL.NS down 3.4%, Hindustan Petroleum Corp HPCL.NS loses 5% and Indian Oil Corp IOC.NS sheds 2.8%

** Oil jumps 7% to over $100 per barrel ahead of U.S. blockade on Iran O/R

** Higher crude prices weigh on the margins of oil marketing companies

** YTD, BPCL falls 22%, HPCL down ~28% and IOC has lost 14%

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters.com))