Shares of oil marketing companies surged on Monday, with HPCL climbing nearly 6 per cent, following a contemporary hike in petrol and diesel costs.
The inventory of Hindustan Petroleum Company Ltd (HPCL) jumped 5.86 per cent to hit the day’s excessive of Rs 412.55 on the BSE.
Shares of Bharat Petroleum Company Ltd (BPCL) climbed 4.55 per cent to ₹309.
Indian Oil Company (IOC) rallied 4.15 per cent to ₹145.30.
Petrol and diesel costs have been raised by Rs 2.61-2.71 per litre on Monday, marking the fourth enhance in lower than two weeks, as state-owned gas retailers continued to cross on rising worldwide oil costs to shoppers.
With the newest revision, cumulative will increase in petrol and diesel costs have nearly touched ₹7.5 per litre since gas worth revisions resumed on Could 15 after a chronic freeze, stoking issues over inflationary pressures and better transportation prices throughout the economic system.
The most recent revision pushed petrol costs greater by ₹2.61 per litre and diesel by ₹2.71, based on trade sources.
State-owned Indian Oil Company, Bharat Petroleum Company Ltd and Hindustan Petroleum Company Ltd collectively management 90 per cent of India’s gas market.
The back-to-back will increase come after world crude oil costs surged greater than 50 per cent since late February following US-Israeli strikes on Iran and disruptions to shipments by means of the Strait of Hormuz, a crucial world oil transit route.
Gas retailers had within the first two-and-half-months of the battle stored pump costs low regardless of rising enter prices, a transfer the federal government mentioned was aimed toward shielding shoppers from inflation. Opposition events, nevertheless, accused the federal government of delaying worth revisions till after key state elections.
Revealed on Could 25, 2026
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