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EnergyMedium impactPre-market

India's crude oil import cost drops below $70

pre-market1 source ↓written by the desknot a recommendation

per barrel
$68.86
since the West
$70
per litre
₹5-6
per litre
₹8-10

India's average crude oil import price fell to $68.86 per barrel, marking the first drop below $70 since the West Asia conflict began. Despite this decline, immediate reductions in petrol and diesel prices are unlikely as refiners aim to recover losses. Currently, state-run oil marketing companies earn ₹5-6 per litre on petrol but still incur losses of ₹8-10 per litre on diesel sales. ⚡

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 30 Jun 2026, 07:11 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IOC closed +0.1% on the day of the news, from ₹139.18 to ₹139.38; Nifty −0.3% over the same session; futures OI −3.2%.

Bulletin at 07:11 IST on 30 Jun 2026. Every change is measured from ₹139.18, the last close before it, on 29 Jun. Nifty 50 is measured over the same sessions.

  • IOC close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
  • futures OI, lots
IOC closes around the bulletin against the close before the news, with Nifty 50 rebased to it127.54139.18150.82axis spans 18%before the news · 29 Jun139.18Nifty 50IOCbulletinD0+1+3+522 Jun3 Jul14 JulFutures open interest, lotspeak 31,000Reference close ₹139.18. 16 sessions from 22 Jun to 14 Jul; the price axis spans 18 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before29 Jun₹139.18basebase
On the day30 Jun₹139.38▲ +0.1%▼ −0.3%+0.5 pp difference
+1 session1 Jul₹139.83▲ +0.5%▲ +0.3%+0.2 pp difference
+3 sessions3 Jul₹141.56▲ +1.7%▲ +1.4%+0.3 pp difference
+5 sessions7 Jul₹142.18▲ +2.2%▲ +1.9%+0.3 pp difference
Gap at the open, % · ₹
▲ +0.2%+0.33 on 30 Jun
Day's range, % · ₹
1.3%≈ 1.9 high to low
Volume on the day
1.43×the 20-session average
Futures OI on the day
▼ −3.2%−940 lots · short covering · price +0.1%
Futures OI open, lots
28,00030 Jun · 30 Jun expiry
Futures premium, ₹
+0.13+0.1% to spot
Puts per call, by OI
0.68from 0.70 the session before
Max pain
143from 143 the session before

Source NSE UDiFF bhavcopy · IOC on the desk →

Thread · IOCAll IOC bulletins →

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