IOC

Russian crude cushioned India from oil shock, says Andrey Rudenko

• Russian oil supplies helped cushion India from an oil shock
• Russian deputy foreign minister Andrey Rudenko called Moscow a reliable energy partner
• Russian crude availability affects Indian refiners including Indian Oil and fuel-price exposure

Replacing 1 million bpd of Russian oil could cost India up to $3.7 billion annually

• Replacing 1 million bpd of Russian oil could add up to $3.7 billion to India’s annual bill
• Indian refiners face higher crude costs and tighter supply as they seek alternatives
• Higher crude costs could pressure OMC margins and raise fuel bills for Indian consumers

Oil prices ease as traders weigh Iran truce hopes against attacks on energy facilities

• Brent fell 0.82% to $105.73 a barrel
• WTI fell 1.65% to $93.05 a barrel
• Lower crude eases input costs for Indian oil marketers, while upstream producers face weaker realisations

Indian petrol and diesel prices hold steady as crude prices fall

• Petrol and diesel prices were unchanged across major Indian cities on September 25
• Brent fell 0.82% to $105.73 a barrel; WTI declined 1.65% to $93.05
• Stable pump prices support household spending; lower crude eases input-cost pressure for Indian Oil and other fuel retailers

US and Iran explore a phased deal to reopen the Strait of Hormuz and end the blockade

• Iran offered to reopen the Strait of Hormuz within 7 days if the US lifts its blockade and waives sanctions
• Reports describe discussions on a phased arrangement, but the proposal’s conditions differ
• A reopening could ease crude-supply risks for Indian Oil, BPCL and HPCL

France to send troops to secure Saudi oil plant as Houthi attacks mount

• France will send troops to secure a Saudi oil plant as Houthi attacks mount
• Saudi Arabia said it intercepted missiles fired toward the Red Sea port of Yanbu
• Escalating Gulf risks could lift crude prices, affecting Indian oil marketers and fuel-sensitive sectors

Indian state companies seek 2.75 million tonnes of US LPG for 2027

• State-owned companies plan to import 2.75 million metric tons of LPG
• They are seeking US supplies through a term tender for 2027
• US LPG sourcing could affect fuel costs for Indian oil marketing companies and consumers

Jefferies strategist identifies energy as India’s leading structural growth story

• Jefferies’ Chris Wood named Hitachi Energy India as a picks-and-shovels play
• Wood sees India’s energy sector as a promising arena for growth
• Energy investment themes may benefit Hitachi Energy India, JSW Energy and other power-sector stocks

India loses 6.2 million LPG customers in months as Iran war hits Gulf supplies

• India lost 6.2 million LPG customers in months as Gulf supplies were hit by the Iran war
• LPG supply disruptions expose Indian oil marketing companies to sourcing and distribution pressure

India plans to continue diesel exports as US weighs a 90-day ban

• Oil Minister Hardeep Puri reaffirmed India's commitment to diesel exports
• The US is weighing a 90-day diesel export ban as Russia supply falters
• Diesel exporters and refiners including Reliance Industries and Indian Oil face shifting export-market conditions

INR recovers slightly as oil pulls back on hopes of a phased deal to reopen the Strait of Hormuz

D-St set for a cautious opening as GIFT Nifty signals muted start

• Nifty declined 1.6% amid rising global uncertainties and elevated crude prices
• Elevated crude prices may pressure Indian Oil and other oil-sensitive sectors

India plans LNG storage boost, a pipeline tariff surcharge to support

• Planned LNG storage capacity expansion requires ₹15,000 crore investment
• India currently has 12 days of LNG storage capacity
• Storage investment and pipeline surcharges may affect Indian Oil and domestic gas-sector costs

Oil Futures Post Back-to-Back Gains on Escalation Concerns

• Oil futures rose for a second straight session
• Houthi attacks on Saudi targets raised concerns of Middle East escalation
• Crude-price risks affect Indian oil marketing companies and fuel-sensitive sectors

Senate narrowly votes down resolution calling for end to Iran war

• The Senate narrowly rejected a resolution calling for an end to the Iran war
• Prolonged Iran-war risks could pressure Indian oil marketing companies through crude prices

UAE and Saudi Arabia show interest in investing in India’s refining sector

• India aims to raise refining capacity to **6.2-6.4 million barrels per day** from about 5.4 million
• UAE and Saudi Arabia are keen to invest in the sector, the minister said
• Potential investment could benefit Indian refiners as the country plans to expand capacity

India cuts import duties on edible oils to ease prices ahead of festivals

• Customs duties were cut on crude and refined palm, soybean and sunflower oils
• The government wants lower import costs and requires companies to pass duty cuts on to consumers
• Lower edible-oil costs may pressure margins at IndianOil and benefit packaged-food companies

Jio-BP and Nayara cap diesel sales at select pumps as crude prices surge

• Crude crossed $117/barrel, while OMC margins were squeezed by ₹9/litre
• Jio-BP and Nayara capped diesel sales at select outlets; private pumps limited customers to 50 litres
• Squeezed fuel margins weigh on IOC and BPCL, while diesel limits affect fuel retailers