Explained: How petrol, diesel excise duty cut may impact HPCL, BPCL and Indian Oil shares

This policy change directly impacts the profitability of OMCs, which have been under pressure from crude price volatility. It provides a much-needed buffer, improving their financial health and investor confidence.

• •Indian government reduced excise duty on petrol.
• •Indian government scrapped excise duty on diesel.
• •Move offers relief to oil marketing companies amid volatile global crude prices.
• •Cushions companies from significant losses, allowing them to operate near break-even levels.
• •Ensures earnings visibility and dividend sustainability for OMCs.