India & Hindustan Petroleum
28 shared events · Importance 9 · Last updated May 16, 2026
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Domestic
India: India's government is facing a political decision regarding fuel price hikes to alleviate the financial burden on OMCs, while also absorbing a significant cost through excise duty reductions to insulate consumers from global energy shocks.
Hindustan Petroleum: Hindustan Petroleum is one of the three state-owned oil marketing companies (OMCs) experiencing record high under-recoveries due to maintaining low fuel prices despite surging crude oil costs, impacting its financial stability.
May 10, 2026 · 8 articles
Domestic
India: India, as the world's third-biggest oil importer, is significantly affected by rising global crude oil prices and has implemented fuel price hikes and austerity measures to manage the economic strain.
Hindustan Petroleum: Hindustan Petroleum, a state-run fuel retailer, raised petrol and diesel prices to mitigate losses from high global crude oil prices, impacting its stock performance.
May 15, 2026 · 20 articles
Domestic
India: India's economy is impacted by rising inflation and potential widening of the current account deficit due to increased fuel prices and crude oil imports.
Hindustan Petroleum: Hindustan Petroleum, a state-owned fuel retailer, faced significant losses due to the freeze on fuel prices and will see some margin pressure eased by the price hike.
May 15, 2026 · 10 articles
Business
India: India's government intervened by cutting excise duties to mitigate the impact of rising crude prices on its state-run oil marketing companies and consumers, prioritizing economic continuity.
Hindustan Petroleum: Hindustan Petroleum Corporation Ltd experienced considerable under-recoveries by not raising retail fuel prices amidst a global energy shock, affecting its profitability.
Apr 29, 2026 · 16 articles
Domestic
India: India is facing economic pressure due to surging global crude oil prices and is attempting to manage its foreign exchange reserves and inflation through public appeals and government measures.
Hindustan Petroleum: Hindustan Petroleum is incurring considerable monthly under-recoveries, alongside other oil marketing companies, as a consequence of high global crude oil prices.
May 10, 2026 · 6 articles
International
India: India is seeking to enhance its energy security through strategic partnerships with the United Arab Emirates, securing long-term supplies of crude oil, LPG, and LNG, and investing in upstream and strategic petroleum reserves.
Hindustan Petroleum: Hindustan Petroleum (HPCL) has a 10-year agreement with Abu Dhabi National Oil Company (ADNOC) Gas for LNG supply starting in 2028.
May 13, 2026 · 7 articles
Domestic
India: India is implementing the PM E-DRIVE scheme and other initiatives to accelerate the nationwide transition to clean mobility, aiming for Net Zero emissions by 2070 and strengthening its automotive sector.
Hindustan Petroleum: Hindustan Petroleum is one of the public sector oil companies whose proposals for EV chargers have been approved under the PM E-DRIVE scheme, contributing to the nationwide charging infrastructure.
May 12, 2026 · 6 articles
International
India: India's imports of Russian fossil fuels decreased significantly in December 2025, falling to third place among buyers. This reduction was primarily due to cuts by Reliance Industries and state-owned refiners, impacting India's energy import strategy.
Hindustan Petroleum: Hindustan Petroleum Ltd (HPCL) is one of the Indian refiners that halted or cut imports of Russian oil due to U.S. sanctions.
Jan 13, 2026 · 10 articles
International
India: India is in a comfortable position regarding crude oil and LPG supplies despite Strait of Hormuz disruptions, due to diversified import sources and increased domestic production.
Hindustan Petroleum: Hindustan Petroleum has returned to the Russian crude market after several months of limited purchases.
Mar 06, 2026 · 8 articles
Business
India: The expansion of Ashray Centres by Amazon (company) is taking place across India, addressing the needs of last-mile delivery workers in the nation's rapidly expanding digital economy.
Hindustan Petroleum: Hindustan Petroleum is partnering with Amazon (company) to establish new Ashray Centres, contributing to the expansion of the network.
May 08, 2026 · 6 articles
International
Hindustan Petroleum: Hindustan Petroleum is one of the Indian state refiners that has stopped buying Russian oil due to narrowing discounts and US threats.
Jul 31, 2025 · 47 articles
International
Hindustan Petroleum: Hindustan Petroleum Ltd (HPCL) has halted imports of Russian oil from sanctioned entities due to US sanctions.
Nov 28, 2025 · 7 articles
International
Hindustan Petroleum: Hindustan Petroleum is one of the public sector oil companies involved in the historic agreement to import LPG from the United States, aiding India's efforts to diversify its energy supply.
Nov 17, 2025 · 8 articles
International
Hindustan Petroleum: Hindustan Petroleum Ltd (HPCL) has halted imports of Russian oil due to new US sanctions.
Jan 06, 2026 · 6 articles
Regulatory
Hindustan Petroleum: Hindustan Petroleum's equity investment in the Hindustan Petroleum Corporation — HPCL Rajasthan Refinery Limited project increased by ₹8,962 crore, bringing its total investment to ₹19,600 crore. This increased investment is part of a larger project cost revision, which is expected to strengthen India's energy and industrial ecosystem.
Apr 08, 2026 · 7 articles
Domestic
Hindustan Petroleum: Hindustan Petroleum, along with other state-owned oil marketing companies, affirmed that their petrol pumps are operating normally with no fuel shortages.
Mar 26, 2026 · 46 articles
Regulatory
Hindustan Petroleum: Hindustan Petroleum, as an OMC, is implementing discounted refinery transfer prices to absorb the impact of high global oil prices while retail prices remain frozen.
Apr 05, 2026 · 9 articles
Business
Hindustan Petroleum: Hindustan Petroleum also assured uninterrupted supply of LPG and automotive fuels across India, supporting the overall message of stable supply.
Apr 03, 2026 · 11 articles
Regulatory
Hindustan Petroleum: Hindustan Petroleum suspended 10 LPG distributors for malpractices, reinforcing its zero-tolerance policy and commitment to consumer interests and transparency.
Apr 03, 2026 · 6 articles
Domestic
Hindustan Petroleum: Hindustan Petroleum is one of the three major oil marketing companies in India that revise fuel prices daily, but have kept prices stable despite global crude oil volatility.
Mar 24, 2026 · 6 articles
International
Hindustan Petroleum: Hindustan Petroleum is one of the oil marketing companies that have hired LPG carriers affected by the Strait of Hormuz situation.
Mar 23, 2026 · 39 articles
Regulatory
Hindustan Petroleum: Hindustan Petroleum is one of the oil marketing companies that will benefit from the government's excise duty cuts, helping to alleviate financial strain from rising crude prices.
Mar 27, 2026 · 7 articles
Business
Hindustan Petroleum: Hindustan Petroleum, a state-owned fuel retailer, continues to keep retail fuel prices frozen, absorbing losses and acting as a 'good corporate citizen' with government support.
Mar 26, 2026 · 21 articles
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Hindustan Petroleum installed chargers IndiaIndia Expands EV Charging...
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