Indian Refiners Slip on Tariff, Russia Jitters

  Published 9 months ago

Shares of Indian refiners fell amid market weakness, tariff concerns, and fears over disrupted Russian crude oil supply.

  • HPCL, BPCL, and IOC dropped 2–2.6%, Reliance slid 1.6% as the oil & gas index fell 1.2% overall.
  • The market reacted to Trump’s 25% tariff threat and India’s energy trade risks with Moscow, dragging broader indices down 0.7%.
  • Jefferies warns potential Russian crude supply shift may hurt refiners’ margins and profitability going forward.

You might like these

Container Throughput Q1 FY26: Mixed Growth Trends

India's Oilmeal Exports Rise 4% in May 2025

Avantel Q2 FY26 Profit Plunges

ITC Tax Outlook Steady

Nifty Auto Surges on GST Boost

STL Secures BharatNet Optical Fiber Contract

HUDCO Bonds: Rates Hit 2022 Low

News that matters the most ⚡