Oil Marketing Stocks Slide Despite Fuel Price Hike

Shares of

, !HPCL, and fell up to 2% on Friday despite a ₹3 per litre increase in fuel prices, as investors expressed disappointment over the modest hike amid soaring global crude oil prices triggered by US-Iran tensions. The long-awaited price revision came in lower than market expectations, failing to fully offset the pressure from elevated input costs. Fuel retailers have been absorbing losses for weeks as international crude benchmarks climbed sharply. Analysts noted that while the hike provides some relief, it remains inadequate given the sustained high crude prices and inventory losses. Market sentiment stayed cautious, with concerns over margin compression and potential further volatility in global energy markets weighing on the stocks.