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HPCL BPCL IOC slump as petrol diesel jump by Rs 3 amid Strait of Hormuz disruption
Economy
Published on 15 May 2026
Shares slid despite fuel prices rising by Rs 3
Oil marketing companies like HPCL, BPCL and IOC came under pressure even after the Centre raised petrol and diesel prices by up to Rs 3 per litre from immediate effect. The hike, aimed at easing OMCs that have been absorbing losses from elevated global crude rates, followed prolonged disruptions in the Strait of Hormuz and the wider West Asia energy crisis. Despite the adjustment, shares fell as much as 3% on Friday, while petrol crossed Rs 97 in Delhi and surged higher in Kolkata.
- Petrol and diesel prices were increased by up to Rs 3 per litre
- HPCL shares fell up to 3% to around Rs 376 intraday low
- BPCL declined about 2% to roughly Rs 289 on the NSE
- Delhi petrol rose to Rs 97.77 and diesel to Rs 90.67 per litre
- Kolkata saw petrol jump by Rs 3.29 to Rs 108.74 per litre
- Strait of Hormuz disruptions and West Asia tensions kept crude above $100
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times