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PSU OMC shares slide as petrol diesel rise Rs 3 despite crude staying near multi-month lows
India
Published on 15 May 2026
Fuel prices jumped just Rs 3, yet shares fell
On May 15, shares of public sector oil marketing companies fell after petrol and diesel prices were raised by about Rs 3 per litre. Hindustan Petroleum (HPCL) dropped over 2% to an intraday low of ₹367.10, BPCL slid about 2% to ₹289.05, and IOCL eased 0.6% to ₹139.35. The move came as Brent traded near $107 and WTI near $102.4 amid a crude oil crisis and geopolitical worries around the Strait of Hormuz, while Delhi and other cities saw price increases.
- HPCL shares fell over 2% to an intraday low of ₹367.10
- BPCL declined about 2% to ₹289.05
- IOCL slipped 0.6% to a day low of ₹139.35
- Petrol and diesel were hiked by nearly Rs 3 per litre
- Delhi petrol rose to ₹97.77 and diesel to ₹90.67
- Officials cite monthly under-recovery pressure of around Rs 30,000 crore
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This summarization was done by Beige for a story published on 
Republic