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Soaring Oil Prices: Impact on Indian Stocks Across OMCs, Paint, Tyre, and Aviation Sectors
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Oil Prices Skyrocket: Indian Companies from OMCs to Aviation Face Major Impact
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CNBC TV18
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09-03-2026, 08:34
Oil Prices Skyrocket: Indian Companies from OMCs to Aviation Face Major Impact
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Crude oil prices surged nearly 30% on Monday, nearing $120 per barrel, after a record weekly gain.
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Upstream companies like ONGC and Oil India benefit, with a $1 rise in oil prices boosting annual revenue by ₹300-₹400 crore.
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OMCs (HPCL, BPCL, Indian Oil), paint, aviation, and tyre companies face negative impacts due to increased raw material costs and margin pressure.
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Government sources indicate pump prices will not increase despite rising crude, further pressuring OMCs' margins.
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Tyre stocks face 15-20% raw material cost increase, with crude forming 45% of the basket, impacting profitability and FCF generation.
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