Oil Stocks Rise as Crude Prices Drop

  Published 1 year ago

Hindustan, Bharat, and Indian Oil stocks rose 2.97%, 3.74%, as Brent crude fell 2.68% to $68.63, potentially easing PSU OMC under recoveries on LPG/kerosene sales.

  • Hindustan (+3.74%), Bharat (+3.05%), and Indian Oil (+2.97%) stocks climbed amid lower crude prices.
  • Brent crude for September 2025 dropped 2.68% to $68.63 a barrel, signaling potential cost relief for OMCs.
  • Lower crude prices may reduce PSU OMC under recoveries on LPG/kerosene sales; petrol/diesel pricing is deregulated.

You might like these

Jindal Stainless Q1 PBT Rises 9%

Torrent Buys JB Pharma Stake, Plans Merger with KKR Exit

Indo Count Relaunches Wamsutta in US

HIL Wins 365‑Day Toll Plaza Contract

BEL Secures Major Defence Orders

Travel Food Services IPO: Key Details and Market Impact

AdaniConneX Acquires GRPL for Infrastructure Expansion

News that matters the most ⚡