Mumbai, June 13 -- In commodities, Brent crude (August 2025 contract) soared $5.59, or 8.06%, to $74.95 per barrel amid heightened geopolitical tensions.

Meanwhile, the Nifty 50 index was down 203.45 points, or 0.82% at 24,685.25.

BPCL (down 2.59%), HPCL (down 2.24%) and Indian Oil Corporation (down 1.2%) edged lower.

The heightened geopolitical unrest has sparked fears of potential disruptions to global oil supplies, especially through key transit points like the Strait of Hormuz.

Higher crude oil prices could increase under-recoveries of PSU OMCs on domestic sale of LPG and kerosene at controlled prices. The government has freed pricing of petrol and diesel.

Published by HT Digital Content Services with permission from Capital Mark...