IOC and BPCL have postponed their scheduled refinery maintenance to maintain fuel supply, due to tensions in the Strait of Hormuz. To meet increased demand, India has boosted LPG production by 40%, securing over half its daily needs through imports.
Vaishali Parekh suggests investors consider purchasing stocks in IHC, Ashok Leyland, and IOC as market conditions remain volatile. Support for the Nifty is at 21,800, while a break above 54,000 by Bank Nifty could potentially boost sentiment.
Indian Oil Corporation, among other refineries in India, has postponed routine maintenance to prioritize meeting the escalating demand for fuel, reflecting increased consumption levels. This strategic move signals a focus on satisfying customer needs amidst growing energy demands.
Oil marketing companies (OMCs) have announced a reduction of up to ₹60 per liter on petrol prices effective March 16, resulting in lower costs compared to imports. This move may potentially put pressure on independent refiners such as MRPL, CPCL, and HMEL due to the revised pricing structure.
Refiners will receive reduced rates for producing petrol, diesel, ATF, and kerosene as oil marketing companies aim to mitigate losses due to their voluntary price cap on retail fuels.
The Indian government plans to compensate Oil Marketing Companies (OMCs) with ₹17,500 crore over the next five fiscal years ending in 2027, due to under-recoveries on LPG sales. This amount will be distributed in seven equal installments by March 2027 among IOC, HPCL, and BPCL.
Today's stock market highlights feature notable companies like Maruti Suzuki, Varun Beverages, Hero MotoCorp, Indian Oil, and Bosch. While the page provides corporate updates, it does not include in-depth analysis or personal insights.
It seems that Indian Oil Corporation (IOC) could potentially face a significant financial setback of around INR 23,600 crores annually due to the current prices of Aviation Turbine Fuel (ATF), as highlighted by Nomura. The reason being that the price hike in ATF has not yet reached a level high enough to cover the expensive refinery costs.
Nomura has raised concerns about margin pressures for oil marketing companies (IOCL, BPCL, HPCL) due to rising prices of ATF and LPG, along with subsidy burdens. On the other hand, Petronet LNG is expanding its capacity to 22.5 mtpa, while Reliance Industries' SEZ refinery has been exempted from windfall tax, boosting their margins.
Commercial LPG prices have increased significantly (over 10%) in main urban areas. The government has limited the price increase of Aviation Turbine Fuel (ATF) for domestic flights to a maximum of 25%, due to escalating expenses.
IOC corrects a pricing error, confirming that the increase in ATF price is actually 8.5%, not 115%. The revised price now stands at Rs. 1.04 lakh per Kiloliter.
The Indian government has lowered the cost of jet fuel to Rs 1.04 lakh per kilolitre, following an increase by the Indian Oil Corporation to Rs 2.07 lakh per kilolitre in Delhi. This reduction comes in response to industry concerns.
Indian Oil Corporation Ltd (IOCL) has increased the cost of high-end fuel, XP100, in Delhi by ₹11, now selling at ₹160 per liter due to tensions in West Asia. This follows a trend of price hikes for premium petrol and diesel amid ongoing geopolitical issues.
The escalating Iran conflict has led Indian Oil Corporation to increase jet fuel and LPG prices, intensifying India's existing energy concerns. In response, the government has reduced industrial LPG allocations to prioritize household needs amidst this gas crisis.
Indian Oil Corporation (IOC) sets a new record with a crude throughput of 75.4 MMT, operating with an impressive 99.5% reliability. Notably, pipeline throughput also reached 105.3 MMT, while lubricant sales surged by 15%. Additionally, petrochemical and gas sales are at their highest levels.
Indian Oil Corporation achieves a new high in sales with consolidated figures reaching 104.4 million metric tons, marking a 4% year-over-year increase.
Indian Oil Corporation achieved a record refining volume in FY26, backed by increased pipeline throughput and impressive petroleum sales of 104.4 MMT. This success is attributed to retail expansion (909 outlets), growth in petrochemicals, lubricants, and the gas segment.
Indian Oil Corporation Limited (IOCL) achieved all-time highs in both crude and pipeline throughput during the fiscal year 2025-2026, with crude reaching 75.4 MMT and pipelines at 105.3 MMT. Lupin's subsidiary is planning to acquire a 43.4% stake in the Philippines' MPPI for approximately $39.6 million, while auto and banking stocks remain under scrutiny.
Airlines and oil marketing companies are considering a potential reduction in the price of Aviation Turbine Fuel (ATF) as a response to the ongoing crisis in the West Asia region, aiming to alleviate soaring jet fuel costs for the aviation sector.