** Indian oil marketing cos BPCL BPCL.NS, HPCL HPCL.NS and IOC IOC.NS surge 32%, 21.1% and 22.1%, respectively, in 2025
** Stocks among top 10 gainers on 41-member Nifty Energy index .NIFTYENR, which is up 0.5% for the year
** Oil prices set to fall more than 15% in 2025 as supply outpaced demand in a year marked by wars, higher tariffs and OPEC+ output and sanctions on Russia, Iran and Venezuela
** Lower oil prices boost margins of OMCs, while weighing on upstream oil companies like ONGC ONGC.NS and Oil India OILI.NS
** ONGC and OILI down 0.4% and 1.2%, respectively, in 2025
** ONGC, IOC, OILI, BPCL and HPCL up 1.7%-5.5% on Wed
(Reporting by Vivek Kumar M)
((VivekKumar.M@thomsonreuters.com;))