OICHARTS
8 AMThe 8 AM report →
EnergyHigh impactPre-market

Indian oil firms face ₹30,000 crore monthly losses

pre-market1 source ↓written by the desknot a recommendation

per barrel
$70 to nearly $120

India’s state-run oil marketing companies are incurring losses of ₹30,000 crore monthly to maintain stable fuel prices amid rising global energy costs due to the Middle East conflict. Crude oil prices surged from $70 to nearly $120 per barrel, impacting Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum. The government aims to shield consumers from price hikes, affecting OMC finances significantly.

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 9 May 2026, 07:10 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IOC closed −3.0% on the day of the news, from ₹144.69 to ₹140.37; Nifty −1.5% over the same session; futures OI +1.4%.

Bulletin at 07:10 IST on 9 May 2026. Every change is measured from ₹144.69, the last close before it, on 8 May. 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 it131.81144.30156.79axis spans 19%before the news · 8 May144.69Nifty 50IOCbulletinD0+1+3+54 May14 May25 MayFutures open interest, lotspeak 25,000Reference close ₹144.69. 16 sessions from 4 May to 25 May; the price axis spans 19 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 %
Before8 May₹144.69basebase
On the day11 May₹140.37▼ −3.0%▼ −1.5%−1.5 pp difference
+1 session12 May₹137.65▼ −4.9%▼ −3.3%−1.6 pp difference
+3 sessions14 May₹140.26▼ −3.1%▼ −2.0%−1.1 pp difference
+5 sessions18 May₹131.81▼ −8.9%▼ −2.2%−6.7 pp difference
Gap at the open, % · ₹
▼ −1.2%−1.69 on 11 May
Day's range, % · ₹
2.0%≈ 3.0 high to low
Volume on the day
0.89×the 20-session average
Futures OI on the day
▲ +1.4%+350 lots · short build-up · price −3.0%
Futures OI open, lots
25,00011 May · 26 May expiry
Futures premium, ₹
+0.13+0.1% to spot
Puts per call, by OI
0.68from 0.70 the session before
Max pain
146from 147 the session before

Source NSE UDiFF bhavcopy · IOC on the desk →

Thread · IOCAll IOC bulletins →

Related