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Rs 3 petrol diesel hike fails to calm markets as HPCL and BPCL shares fall again on losses

Rs 3 petrol diesel hike fails to calm markets as HPCL and BPCL shares fall again on losses

India’s first petrol and diesel retail price increase since 2022 has not reassured investors. HPCL and BPCL shares fell up to 3% after a up to Rs 3 per litre adjustment that analysts say barely covers rising costs. With Brent crude above $100 and West Asia tensions persisting, ICRA estimates oil marketing companies could still lose about Rs 500 crore daily even after the hike, implying enormous quarterly under-recoveries and renewed pressure on government policy.

Summarised by Beize from a story on The Economic Times on 15 May 2026
PSU OMC shares slide as petrol diesel rise Rs 3 despite crude staying near multi-month lows

PSU OMC shares slide as petrol diesel rise Rs 3 despite crude staying near multi-month lows

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.

Summarised by Beize from a story on Republic on 15 May 2026

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HPCL declares Rs 19.25 dividend per share record in five years August 14 record date

HPCL declares Rs 19.25 dividend per share record in five years August 14 record date

HPCL has announced a final dividend of Rs 19.25 per share, its highest payout in five years. The record date is August 14, and shares jumped about 4% right after the news. The company also reported a strong Q4, with profit rising 46% to Rs 4,902 crore, signaling momentum despite a weaker 2026 trend.

Summarised by Beize from a story on The Economic Times on 13 May 2026
HPCL Q4 net profit surges 46 percent to Rs 4902 crore plus Rs 19 25 dividend

HPCL Q4 net profit surges 46 percent to Rs 4902 crore plus Rs 19 25 dividend

Hindustan Petroleum Corporation Limited (HPCL) posted a 46% year-on-year jump in consolidated net profit to Rs 4,902 crore in Q4 of FY26. The company also announced a final dividend of Rs 19.25 per share. On a standalone basis, total income rose 4.5% year-on-year to Rs 1.24 lakh crore, underscoring stronger performance in the quarter.

Summarised by Beize from a story on The Economic Times on 13 May 2026
LANXESS joins HPCL to sell aviation and industrial lubricants across SAARC region

LANXESS joins HPCL to sell aviation and industrial lubricants across SAARC region

Specialty chemicals firm LANXESS has signed an agreement with Hindustan Petroleum Corporation Limited (HPCL) to market aviation and industrial lubricants in India and across the SAARC region. The partnership is designed to expand availability of advanced lubricant solutions, leveraging HPCL’s distribution reach and LANXESS’s technical expertise to serve aviation and industrial customers.

Summarised by Beize from a story on The Economic Times on 12 May 2026
HPCL to restart Rajasthan refinery crude unit in May after April fire damage stayed limited

HPCL to restart Rajasthan refinery crude unit in May after April fire damage stayed limited

HPCL says its Rajasthan refinery’s Crude Distillation Unit will restart in May after an April 20 fire. The company reports investigations found the blaze was contained, confined to the heat exchanger stack and affecting only six exchangers along with related auxiliary equipment, aligning with its earlier assessment and paving the way for recovery plans.

Summarised by Beize from a story on The Economic Times on 26 Apr 2026

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HPCL fire at Rajasthan refinery traced to suspected hydrocarbon leak as Modi visit delayed

HPCL fire at Rajasthan refinery traced to suspected hydrocarbon leak as Modi visit delayed

A fire broke out at the HPCL Rajasthan Refinery in Pachpadra, with officials saying a suspected hydrocarbon leak likely triggered the blaze. Emergency teams brought the situation under control quickly, and there were no reported injuries. The refinery’s Crude Distillation Unit was isolated as investigations begin. Prime Minister Narendra Modi’s scheduled dedication visit has been postponed.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Rajasthan officials meet HPCL chairman after Pachpadra refinery blaze stalls PM inauguration

Rajasthan officials meet HPCL chairman after Pachpadra refinery blaze stalls PM inauguration

A major fire broke out at HPCL’s Pachpadra refinery in Rajasthan’s Balotra district, prompting top state officials to meet HPCL’s chairman. The blaze was reported in the Crude Distillation Unit, with fire tenders working to bring flames under control. Chief Secretary V Srinivas and Chief Minister Bhajanlal Sharma are reviewing the incident, and the Prime Minister’s planned inauguration has been postponed.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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