Indian Oil, BPCL, and HPCL stocks: On Tuesday, May 19, shares of oil marketing companies (OMCs), including Indian Oil Corporation (IOCL), Bharat Petroleum Corporation (BPCL), and Hindustan Petroleum Corporation (HPCL), were trading positively as the government raised fuel prices for the second time in less than a week due to a spike in the price of crude oil worldwide.
Tuesday saw an increase in petrol and diesel prices of roughly 90 paise per litre following the lifting of a nearly four-year revision freeze by state-run oil companies.
According to a PTI report citing industry sources, the increase caused petrol prices in New Delhi to rise from ₹97.77 to ₹98.64 per litre, while diesel prices increased from ₹90.67 to ₹91.58.
For the first time in over four years, petrol and diesel prices increased by 3 per litre last week on May 15. State-run fuel retailers were forced to pass on a portion of their growing losses due to the surge in global crude prices following the Iran war, after months of maintaining stable prices through important state elections.
Since the US-Israeli strikes on Iran on February 28 and Tehran’s reprisal, worldwide petroleum prices have increased by more than 50%, interfering with the flow of crucial oil through the Strait of Hormuz.
Until the increase on May 15, retail fuel prices were maintained at two-year-old levels despite the spike.
The performance of OMC stocks
Indian Oil Corporation (IOCL) shares saw an intraday high of ₹135.95 per unit on the National Stock Exchange (NSE) on Tuesday, up 3.15% from the previous session’s closing price of ₹131.81 per unit.
The scrip traded up 2.95% at ₹135.70 per equity share at 11:26 AM.
In addition to the fuel increase, the stock rose following the release of its Q4 FY26 earnings for the 2025–26 fiscal year. The consolidated net profit of the state-run oil refining behemoth increased by 78% year over year (YoY) to ₹14,458 crore.
According to a regulatory filing, it had made ₹8,123 crore in profit during the same period last year.
Compared to over ₹2.06 lakh crore in the same period previous year, Indian Oil’s revenue from core activities increased by 7% to over ₹2.36 lakh crore in the fourth quarter.
Petroleum Corporation of Hindustan
In comparison to the previous closing price of ₹358.90 per unit, HPCL’s stock surged 3.5% to reach the session’s peak of ₹371.45 per equity share on the NSE on May 19.
The share was trading at ₹370.85 per share at the time of writing, up 3.33%. However, it has decreased by 26% so far this year.
Bharat Petroleum Company
Compared to the previous closing price of ₹280.80 per unit, BPCL shares increased by up to 3.2% to reach an intraday high of ₹289.80 on the NSE on Tuesday.
The stock was trading at ₹288.30 per equity share at the time of writing, up 2.67%. It has lost 24% so far this year and 8% so far this month.
Today, the corporation is scheduled to release its earnings for the most recent March quarter.
Prices of crude oil worldwide
On Tuesday, Brent crude oil futures for delivery in July dropped 2.7% to an intraday low of $109.1 per barrel (bbl) following US President Donald Trump’s cancellation of the planned military strike on Iran, indicating that the US is prepared to launch a full assault if necessary.
Trump stated in a Truth Social post that he decided to postpone today’s attack because Saudi Arabia, the United Arab Emirates, and Qatar asked Western leaders to postpone their planned action, citing the possibility of peace discussions.
Nonetheless, the contract has remained over the 109 per barrel threshold. It ended the previous trading session at $112.10 per barrel.
The June-expiring West Texas Intermediate (WTI) contract fell as much as 1.74% to an intraday low of $106.76 per barrel from the previous session’s closing price of $108.66 per barrel.
