Business news · Commodities · 15 Jun 2026
IN Oil Gas & Consumable Fuels Chemicals Services
Brent crude fell about 5% to around $82 a barrel on June 15 after the US and Iran announced a peace agreement. Under-recovery on petrol at public sector oil marketing companies dropped to Rs 3 a litre, nearly half the Rs 6 a week earlier, and on diesel to Rs 27 from Rs 30 on June 8, while losses on domestic LPG stayed around Rs 700 a cylinder. Pump prices had been raised by Rs 7.38 a litre for petrol and Rs 7.52 for diesel since May 15, with Delhi petrol at Rs 102.12.
Cheaper crude directly narrows losses at IOC, BPCL and HPCL, whose earnings swing with the gap between pump prices and international product costs; diesel and LPG remain loss-making, so their recovery is partial. Lower oil also eases input costs for paint, tyre, plastics and chemical makers and airlines, trims India's import bill and supports the rupee, while upstream producers such as ONGC and Oil India realise less per barrel.
Reported by Business Standard — “Oil marketing companies' underrecovery on petrol halves to ₹3 a litre” ↗ on 15 Jun 2026.
NSE stocks, from the last close on or before 15 Jun 2026 to the close on 15 Oct 2026.
| Sector | Stocks | Median move | Up | vs all stocks |
|---|---|---|---|---|
| Oil Gas & Consumable Fuels | 19 | -5.9% | 7 of 19 | -1.3 pts |
| Chemicals | 47 | -4.8% | 17 of 47 | -0.3 pts |
| Services | 30 | -2.4% | 13 of 30 | +2.1 pts |
| All tracked stocks | 804 | -4.5% | 321 of 804 | — |
Dilip Buildcon is known mainly as a road contractor; a pipeline it owns and operates for 25 years brings a different kind of income, a transport tariff over time instead of a one-off construction payment, and needs the…
India imports most of its crude, so each dollar on Brent raises the import bill and the cost base of fuel retailers, airlines, paint and tyre makers, while refiners' margins move with the gap between crude and product…
Standalone refiners such as CPCL and MRPL earn the gross refining margin - the gap between crude and product prices - and have no retail pump network on which prices are held down, so a product-led rise in oil shows up…
The two reports differ by more than Rs 5,000 crore on issue size, so the price band is the figure to wait for. Either way the issue is entirely new shares: the money goes to Jio Platforms, and Reliance Industries, its…