- By Aditya Pratap Singh
- Fri, 15 May 2026 12:28 PM (IST)
- Source:JND
Oil and Paint Stocks Today: Shares of oil marketing companies and paint manufacturers declined significantly in early trade on Friday after the Union government hiked petrol and diesel prices by Rs 3 per litre across the country. The fuel price hike, the first in more than four years, as the companies suffered massive losses amid higher crude prices due to energy supply constraints caused by the crisis in the Middle East.
Oil Stocks Today
BPCL Share Price: In early trade, Bharat Petroleum Corporation Ltd declined by nearly 3 per cent. Last seen, the oil stock was trading at Rs 285.50, down Rs 9.50 or 3.22 per cent.
Hindustan Petroleum Share Price: The shares of HPCL dipped 3 per cent in early trade. At the time of writing, the stock was trading at Rs 366.10, down Rs 11.45 or 3.03 per cent.
IOCL Share Price: Indian Oil Corporation fell nearly 3 per cent in early trade. Last seen, the oil stock was trading at Rs 136.68, down Rs 3.58 or 2.55 per cent.
Paints Stocks Today
The paint manufacturers' stocks traded lower as the companies use crude-linked derivatives as key raw materials.
Indigo Paints Share Price: The stock declined nearly 1.5 per cent in early trade. However, the shares recovered from early losses to trade in positive territory. Last seen, Indigo Paints shares were trading at Rs 985.00, up 0.76 per cent.
Asian Paints Share Price: The shares dipped in early trade; however, the stocks were trading marginally higher at the time of writing.
Expert's Comment
Analysts said the modest increase in retail fuel prices failed to fully offset concerns around elevated crude costs and put pressure on market margins.
"The sharp increase in petrol, diesel, and CNG prices reflects the direct impact of the escalating West Asia energy crisis and supply disruptions around the Strait of Hormuz," Ajit Mishra, SVP, Research, Religare Broking Ltd, said.
"With global crude oil prices surging from nearly USD 69 in February to above USD 120 per barrel and currently at the USD 107 mark, oil marketing companies were under mounting pressure due to rising input costs and shrinking marketing margins, he added.