- By Aditya Pratap Singh
- Tue, 19 May 2026 12:35 PM (IST)
- Source:JND
Oil Stocks Today: The shares of oil marketing companies (OMCs) were trading in positive territory on Tuesday after petrol and diesel prices were hiked by about 90 paise per litre, marking the second increase in fuel rates in less than a week. The shares of OMCs, including HPCL and IOC, jumped over 3 per cent.
Oil Stocks Today
Hindustan Petroleum Corporation Share Price: The shares of HPCL climbed over 3 per cent during the early session. At the time of writing, the stock was trading at 370.90, Rs 12 or 3.34 per cent on NSE.
Indian Oil Corporation Share Price: IOC shares climbed over 3 per cent in early trade post the price hike announcement. Last seen, the stock was trading at Rs 135.78, up Rs 3.97 or 3.01 per cent on NSE.
Bharat Petroleum Corporation Share Price: BPCL shares were trading at Rs 287.75, up Rs 6.95 or 2.48 per cent on NSE.
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Petrol, Diesel Price Were Hiked
Early this morning, petrol and diesel prices were hiked by around 90p per litre. This is the second increase in fuel rates in less than a week, after state-owned oil companies ended a nearly four-year moratorium on price revisions.
Industry sources said that due to the hike, petrol prices in New Delhi rose from Rs 97.77 to Rs 98.64, while diesel prices rose from Rs 90.67 to Rs 91.58.
Last Week Price Were Hiked By Rs 3
Petrol and diesel prices rose by Rs 3 per litre on Friday for the first time in more than four years, as global crude oil prices surged following the Iran war. This forced state-run fuel retailers to pass on some of their mounting losses, while rates remained stable during key state election months ahead.
Rates vary by state due to differences in value-added tax.
Also Read: Fuel Prices Fresh Hike: How Much Do Petrol And Diesel Cost In Your City? Check New Rates
The Middle East crisis sent global crude oil prices soaring by more than 50 per cent, blocking the flow of oil through the Strait of Hormuz, a key route for global oil shipments.
Disclaimer: This story is for informational Purposes only. It should not be conaidered as investment advice.