Indian oil marketing companies rise on hopes Iran war could end soon

Hindustan Petroleum

01/04/2026 05:05

** Shares of Indian oil marketing companies rise between 2% and 2.5%

** Shares of Bharat Petroleum Corp BPCL.NS up 2.5%, Hindustan Petroleum Corp HPCL.NS gains 2.3% and Indian Oil Corp IOC.NS rises 2%

** Brent crude oil prices slip to $105 a barrel on optimism that the month-long conflict could end soon MKTS/GLOB

** Higher crude prices weigh on the margins of oil marketing companies (OMCs), which have come under pressure as geopolitical risks push oil prices higher

** YTD, BPCL down ~24%, HPCL down 30% and IOC has lost ~16%

 (Reporting by Komal Salecha in Bengaluru)

 ((Komal@thomsonreuters.com))