Hindustan Petroleum & Narendra Modi

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.

Narendra Modi: Narendra Modi, Prime Minister of India, urged fuel conservation and austerity measures to curb oil import bills and manage foreign exchange reserves.

Hindustan Petroleum: Hindustan Petroleum is incurring considerable monthly under-recoveries, alongside other oil marketing companies, as a consequence of high global crude oil prices.

Narendra Modi: Narendra Modi, as the Prime Minister of India, made an appeal to citizens to conserve fuel, reduce gold purchases, and adopt other measures to mitigate the economic impact of rising global crude oil prices.

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.

Narendra Modi: Narendra Modi, as Prime Minister of India, urged fuel conservation and work-from-home practices to mitigate the economic strain from higher energy prices.

Hindustan Petroleum: Hindustan Petroleum (HPCL) has a 10-year agreement with Abu Dhabi National Oil Company (ADNOC) Gas for LNG supply starting in 2028.

Narendra Modi: As the Prime Minister of India, Narendra Modi is a key figure in the bilateral discussions and agreements with the United Arab Emirates, aiming to strengthen energy security and strategic partnerships.

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.

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.

Hindustan Petroleum: Hindustan Petroleum is one of the Indian state refiners that has stopped buying Russian oil due to narrowing discounts and US threats.