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IOC, BPCL, HPCL face margin pressure amid oil price spike

S&P Global Ratings warned that IOC, BPCL, and HPCL may face declining profit margins due to unchanged retail fuel prices amid rising crude oil prices, which peaked above USD 100. Current prices have fallen to USD 88 per barrel, indicating volatility in the sector.

pre-market1 source ↓written by the desknot a recommendation

S&P Global Ratings indicated that profit margins for oil marketing companies like IOC, BPCL, and HPCL may decline as they maintain retail prices of petrol and diesel to combat inflation. This comes as crude oil prices surged above USD 100 per barrel due to geopolitical tensions, although they have since decreased to USD 88. Traders should monitor these developments closely for potential impacts on profitability.

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 12 Mar 2026, 07:09 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

IOC closed −0.3% on the day of the news, from ₹160.63 to ₹160.16; Nifty −0.9% over the same session; futures OI −0.7%.

Bulletin at 07:09 IST on 12 Mar 2026. Every change is measured from ₹160.63, the last close before it, on 11 Mar. 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 it137.76155.91174.06axis spans 26%before the news · 11 Mar160.63Nifty 50IOCbulletinD0+1+3+55 Mar17 Mar27 MarFutures open interest, lotspeak 24,000Reference close ₹160.63. 16 sessions from 5 Mar to 27 Mar; the price axis spans 26 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 %
Before11 Mar₹160.63basebase
On the day12 Mar₹160.16▼ −0.3%▼ −0.9%+0.7 pp difference
+1 session13 Mar₹156.54▼ −2.5%▼ −3.0%+0.5 pp difference
+3 sessions17 Mar₹146.68▼ −8.7%▼ −1.2%−7.5 pp difference
+5 sessions19 Mar₹142.73▼ −11.1%▼ −3.6%−7.5 pp difference
Gap at the open, % · ₹
▼ −2.0%−3.23 on 12 Mar
Day's range, % · ₹
5.1%≈ 8.2 high to low
Volume on the day
1.07×the 20-session average
Futures OI on the day
▼ −0.7%−150 lots · long unwinding · price −0.3%
Futures OI open, lots
21,00012 Mar · 30 Mar expiry
Futures premium, ₹
+0.58+0.4% to spot
Puts per call, by OI
0.90from 0.94 the session before
Max pain
170from 170 the session before

Source NSE UDiFF bhavcopy · IOC on the desk →

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