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BPCL, HPCL, Adani Total, other oil and gas stocks gain after crude oil prices ease
Oil and gas shares increased on May 19 due to reduced US-Iran tensions, boosting optimism for crude supply stability. Major Indian oil firms saw shares rise nearly 4% as falling crude prices are expected to enhance profitability.
Adequate availability of petrol, diesel across Assam: Indian Oil
Assam's fuel supply remains stable. IndianOil, BPCL, and HPCL confirm adequate stocks of Petrol, Diesel, and LPG. The entire supply chain operates smoothly. LPG for domestic use is prioritised. Consumers are urged to avoid panic buying and rely on official updates. The Oil Industry ensures seamless fuel availability across the region.
IOCL Q4 Results: Net profit soars 78% YoY to ₹14,458 crore; declares final dividend of ₹1.25 per share
Indian Oil Corporation's FY26 March quarter saw a slight revenue increase to ₹2.36 lakh crore and total income of ₹2.38 lakh crore. Profit before tax surged to ₹14,458 crore, with net profit rising 78% year-on-year to ₹14,458 crore.
Adequate availability of petrol & diesel across the state of Assam: IOCL
Fuel supplies in Assam are stable. IndianOil, BPCL, and HPCL confirm adequate stocks of Petrol, Diesel, and LPG. The entire supply chain operates efficiently. Domestic LPG consumers are prioritized. The Oil Industry coordinates logistics and stock movement. Consumers can continue normal consumption. Panic buying is unnecessary.
Indian markets capable of absorbing different types of shocks: SEBI chief on West Asia crisis
"Due to the prevailing conflict in West Asia, the oil supply chain and its prices got affected in the rest of the world. All the economies have been affected by this and obviously, there are inflationary risks. Besides, spillover effect and second-order effect will also come in," he said.
India Inc's earnings growth to slow down in next 12-18 months, warns Moody’s Ratings. Here’s why
Moody’s Ratings warns that India’s corporate earnings growth may slow over the next 12–18 months due to rising input costs, rupee depreciation, supply-chain disruptions, and labour market uncertainty. The agency also flagged weaker consumption, delayed investments, and sectoral pressures across autos, airlines, metals, and oil marketing companies amid global risks.
Indian Oil, JSW Cement, Zydus Wellness, Ola Electric Q4 Results Today — Earning Estimates
JSW Cement is expected to report March-quarter earnings with revenue at Rs 1,869.19 crore.
India may negotiate Iran-backed oil corridors as Hormuz recovery looks distant: Moody’s
India and other nations will seek energy supplies through direct talks. A full return to pre-conflict shipping levels through the Strait of Hormuz is not expected by 2026. This will lead to gradual, but slow and uncertain, improvements in energy transit. Higher and volatile oil prices will impact economies.
'Fuel scarcity' hits livelihood in Odisha, govt assures people of situation normalisation by Monday
Odisha faces fuel scarcity, impacting daily wage earners and transport operators. The state government attributes the situation to panic buying and supply chain disruptions. Officials assure normalcy within 48 hours, with oil companies working to restore distribution. Citizens are urged not to panic as sufficient stock is available.
A Rs 3 hike makes India’s inflation battle somewhat harder
Indian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses of Rs 1,000-1,200 crore due to the Iran war. This move is expected to add inflationary pressure, impacting transportation, logistics, and retail goods costs.
DMRC launches hydrogen-fueled shuttle buses in Central Vista
Delhi Metro Rail Corporation has introduced a new hydrogen-powered shuttle bus service in Central Vista. Indian Oil Corporation Limited is providing two advanced buses for this initiative. The service aims to offer eco-friendly last-mile connectivity. It will operate on working days during peak office hours, connecting metro stations and government offices. This move supports sustainable transportation in the capital.
Petrol, diesel prices hiked by Rs 3/litre: Here’s what top economists have to say
Fuel prices in India saw their first increase in over four years on Friday. Petrol and diesel costs rose by approximately ₹3 per litre. This move by state-run oil companies aims to address losses from rising global crude oil prices. The increase reflects the impact of the West Asia conflict and disruptions to key shipping routes.