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Indian Oil, HPCL, BPCL Rise as Brent Crude Falls
Three large Indian fuel companies saw their share prices rise.
Their shares increased as Brent crude oil prices fell for the fourth day.
These companies buy crude oil and turn it into fuels and other products.
When crude becomes cheaper, their costs can decrease.
If fuel prices at retail stations do not decrease as much, the companies can earn a wider margin.
BPCL, Indian Oil, and HPCL had lost a combined Rs 74,781 crore in the April-June quarter.
Their losses came while oil prices stayed high after the West Asia war began.
Investors may be responding to the possible benefit of lower crude costs.
BPCL shares gained 3% over four days to Rs 315.75 from Rs 306.80 on September 17, 2026.
Indian Oil shares rose 2.68% to Rs 137.70 from Rs 134.10 during the same period.
HPCL shares gained 2.5%, reaching Rs 359.55 compared with Rs 350.45 on September 17.
Falling crude prices can increase downstream oil companies’ margins if retail fuel prices do not fall correspondingly.
The three state-run oil marketing companies reported a combined Rs 74,781 crore loss in April-June.
- Who
- Shares of Bharat Petroleum Corporation Limited, Indian Oil Corporation Limited, and Hindustan Petroleum Corporation Limited rose.
- What
- The three state-run oil marketing companies recorded share-price gains as Brent crude prices declined for a fourth day.
- Where
- The companies operate in India; the article does not specify a particular trading location.
- When
- The gains were reported in the current session, compared with September 17, 2026; the companies’ losses refer to April-June.
- Why
- Lower crude prices can improve downstream companies’ profit margins when retail fuel prices do not fall correspondingly.
Key facts
- BPCL share move
- Rose 3% in four days to Rs 315.75 from Rs 306.80.
- Indian Oil share move
- Rose 2.68% to Rs 137.70 from Rs 134.10.
- HPCL share move
- Gained 2.5%; reached Rs 359.55 versus Rs 350.45.
- Crude trend
- Brent crude prices fell for the fourth consecutive day.
- Combined quarterly loss
- The three companies reported an accumulated Rs 74,781 crore loss in April-June.
- Business activity
- The companies buy crude, refine it into fuels and other products, and distribute them through retail outlets.
- Margin effect
- Lower crude prices can widen the spread between input costs and refined-product prices.
Sources
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