Hindustan Petroleum Likely Hardest Hit by High Crude Prices Among Indian Refiners -- Market Talk
Dow Jones03-20 12:34
0434 GMT - Hindustan Petroleum would be hit the hardest by elevated crude prices, followed by Indian Oil, if retail fuel prices remain unchanged, Jefferies analysts say in a note. Diesel and gasoline marketing margins turn negative at Brent prices of $75 and $82 a barrel, respectively, with current margins at minus 53.3 rupees and 28.3 rupees as of March 19, the bank notes. Among Indian oil marketing companies, Bharat Petroleum is seen as the most resilient, Jefferies says. (venkat.pr@wsj.com)
(END) Dow Jones Newswires
March 20, 2026 00:34 ET (04:34 GMT)
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