HPCL, BPCL and Indian Oil gain as Brent crude falls to $90 a barrel
Shares of India’s major fuel retailers rose after Brent crude dropped 6.71% to $90.29 a barrel, potentially easing pressure on fuel marketing margins and freight costs. Nomura prefers Indian Oil and BPCL over HPCL.
HPCL, BPCL and Indian Oil shares rose after Brent crude dropped to $90.29 a barrel amid easing West Asia tensions. Lower oil and freight costs could ease pressure on Indian fuel marketing operations; Nomura prefers IOCL and BPCL over HPCL.
Why this matters
The Brent-led rise follows HPCL's ₹12,265 crore Q1 FY27 loss as tightening fuel marketing margins pressured results. Lower crude could provide relief, while Nomura prefers Indian Oil and BPCL over HPCL.
Retail-company signals are accelerating, up 570,200% QoQ.