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Stock market today (March 20, 2026): Which are the top gainers and losers in Nifty50 and BSE Sensex today? Check list

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Stock market today (March 20, 2026): Which are the top gainers and losers in Nifty50 and BSE Sensex today? Check list


Stock market today (March 20, 2026): Which are the top gainers and losers in Nifty50 and BSE Sensex today? Check list

Benchmark equity indices Sensex and Nifty pared most of their sharp intra-day gains but still ended nearly half a per cent higher on Friday, supported by strong buying in IT, PSU bank and metal stocks amid persistent concerns over fuel-driven inflation.In a volatile trading session, the 30-share BSE Sensex climbed 325.72 points, or 0.44 per cent, to settle at 74,532.96. During intra-day trade, it had surged 1,079.15 points, or 1.45 per cent, to touch 75,286.39.The broader NSE Nifty also edged higher by 112.35 points, or 0.49 per cent, to close at 23,114.50. The index had jumped as much as 343 points, or 1.49 per cent, to hit 23,345.15 during the session.

Nifty50 top gainers

  • Tech Mahindra (3.30%)
  • Tata Steel (3.29%)
  • Infosys (2.88%)
  • Trent (2.24%)
  • Reliance Industries (2.14%)
  • Sun Pharma (1.88%)
  • NTPC (1.85%)
  • Titan Company (1.71%)
  • HCL Tech (1.67%)
  • Eternal (1.56%)

Nifty50 top losers

  • Hindalco (-2.55%)
  • HDFC Bank (-2.23%)
  • HDFC Life (-1.56%)
  • ONGC (-1.38%)
  • Kwality Wall’s (-1.35%)
  • Shriram Finance (-1.18%)
  • Bharat Electronics (-1.10%)
  • Adani Enterprises (-0.51%)
  • Kotak Mahindra Bank (-0.39%)
  • ICICI Bank (-0.38%)

BSE Sensex top gainers

  • JSW Steel (3.43%)
  • Tech Mahindra (3.30%)
  • Tata Steel (3.29%)
  • Coal India (3.08%)
  • Infosys (2.88%)
  • Trent (2.24%)
  • Reliance Industries (2.14%)
  • Bajaj Auto (2.06%)
  • Dr Reddy’s (1.92%)

BSE Sensex top losers

  • Hindalco (-2.55%)
  • HDFC Bank (-2.23%)
  • HDFC Life (-1.56%)
  • ONGC (-1.38%)
  • Kwality Wall’s (-1.35%)
  • Bharat Electronics (-1.10%)
  • Kotak Mahindra Bank (-0.39%)
  • ICICI Bank (-0.38%)
  • Bajaj Finserv (-0.27%)
  • Axis Bank (-0.26%)

Meanwhile, retail fuel prices moved higher as premium petrol was hiked by Rs 2 per litre, while bulk diesel rates for industrial users were increased by about Rs 22 a litre, reflecting the surge in global crude oil prices amid escalating conflict in West Asia.“Positive comments aimed at de-escalating the conflict and avoiding attacks on oil and gas infrastructure led to a moderate rebound during the day. However, investor sentiment remains fragile, with gains tapering off as participants remain reluctant to hold positions over the weekend amid war-related uncertainties,” Vinod Nair, Head of Research, Geojit Investments Limited, said, PTI quoted.Brent crude, the global oil benchmark, rose 1.88 per cent to USD 110.7 per barrel.“Indian equities witnessed a relief-driven rebound, primarily driven by short-covering after a sharp build-up of bearish positions in the previous sessions,” Hariprasad K, Research Analyst and Founder, Livelong Wealth, said.On the broader market front, the BSE MidCap Select index gained 0.97 per cent, while the SmallCap Select index slipped 0.32 per cent.Among sectoral indices, BSE PSU Bank advanced 2.19 per cent, followed by Focused IT (2.18 per cent), IT (2.08 per cent), healthcare (1.45 per cent), metal (1.41 per cent) and energy (1.03 per cent).However, financial services, Private Banks index, BSE Top 10 Banks, realty and BSE MidSmall Private Banks Quality Tilt ended in the red.Market breadth remained positive with 2,458 stocks advancing, while 1,804 declined and 170 remained unchanged on the BSE.On a weekly basis, the BSE benchmark slipped 30.96 points, or 0.04 per cent, while the Nifty declined 36.6 points, or 0.15 per cent.“Markets witnessed a volatile session on Friday and ended marginally higher, taking a breather after the previous session’s steep decline. The Nifty opened on a firm note following positive global signals and maintained gains in the early hours. However, selling pressure resumed as the session progressed, leading the index to surrender most of its gains by the close,” Ajit Mishra, SVP – Research, Religare Broking Ltd, said.In Asian markets, South Korea’s Kospi index ended higher, while Shanghai’s SSE Composite and Hong Kong’s Hang Seng closed lower. Markets in Japan remained shut due to a holiday.European markets were trading in positive territory. The US markets had ended lower on Thursday.Foreign Institutional Investors (FIIs) offloaded equities worth Rs 7,558.19 crore on Thursday, according to exchange data, while Domestic Institutional Investors (DIIs) bought shares worth Rs 3,863.96 crore.


Sarke Chunar song row: Fatwa issued against Nora Fatehi amid backlash

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Sarke Chunar song row: Fatwa issued against Nora Fatehi amid backlash



Sarke Chunar song row: Fatwa issued against Nora Fatehi amid backlash

A controversy has erupted around the recently released song Sarke Chunar Teri Sarke, featuring Nora Fatehi and Sanjay Dutt. Several complaints were filed, and even summons were issued against the makers. Now, a fatwa has been issued against actor-performer Nora Fatehi over the controversial song and its lyrics, which caused an uproar.

Fatwa issued against Nora Fatehi

The religious body, the Muslim Personal Darul Ifta in Aligarh, issued the fatwa against Nora after the song began receiving backlash online for its lyrics. According to the religious body, the track contains content that they consider objectionable and against Islamic teachings.

Meanwhile, the Union government, on Wednesday, confirmed that the song has been banned following widespread criticism over its lyrics and visuals. Union Minister for Information and Broadcasting Ashwini Vaishnaw announced the decision in the Lok Sabha while responding to a question raised by Samajwadi Party MP Anand Bhadouria.

About Sarke Chunar song controversy

The song has been facing backlash since its release earlier this week. Some organisations also demanded action against the people involved with the track. Critics alleged that the track contained “vulgar” lyrics and visuals that objectified women. The backlash quickly escalated, with several individuals and organisations calling for action against the creators of the song.

Complaints were filed demanding an FIR and the removal of the track from circulation, intensifying public debate just days before the matter was raised in Parliament.

On Wednesday, Nora, in a detailed video that she shared on Instagram, claimed that she had no role in the Hindi version of the song. She further stated that when the makers explained the translation of the song to her at the time, nothing seemed “inappropriate” or “vulgar.” However, she clarified that she does not understand Kannada and had relied entirely on what the team told her.

About KD: The Devil

Produced by Venkat K Narayana under KVN Productions and presented by the same banner, KD: The Devil is a period action entertainer inspired by real events from 1970s Bangalore. The movie features Dhruva Sarja in the titular role, alongside Sanjay Dutt, Shilpa Shetty Kundra, Ramesh Aravind, Reeshma Nanaiah, and V Ravichandran. It is scheduled for a theatrical release on April 30 this year.


‘Things will be little different for Virat’: Kohli warned before RCB’s IPL 2026 season | Cricket News

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‘Things will be little different for Virat’: Kohli warned before RCB’s IPL 2026 season | Cricket News


'Things will be little different for Virat': Kohli warned before RCB's IPL 2026 season
Virat Kohli (BCCI/IPL Photo)

NEW DELHI: Former India all-rounder Irfan Pathan believes Kohli’s transition to playing fewer formats might impact his T20 rhythm, especially after breaks.“This time, things will be a little different for Kohli. For the first time, he will play the IPL having completely retired from Test cricket. He is playing only one format. It is not easy for anyone,” Pathan said in a video on his YouTube channel.

Watch

Ajit Agarkar knocks BCCI door, makes a huge extension request | World Cup

“But he has scored, and his performance has been brilliant. Even when he comes after a break, it has not been difficult for him in one-day cricket.”Virat Kohli has joined Royal Challengers Bengaluru ahead of IPL 2026, but this season could be slightly different for him. With Kohli now retired from Test cricket and only playing limited formats, expectations are high, but experts feel the shift could bring new challenges in T20 cricket.“In T20S, when you play the aggressor and come in not having played a lot, it will be challenging. But he has faced many challenges before as well. I am very excited to see how he will go forward this season,” he added.Pathan also highlighted how Kohli’s change in batting style last season played a big role in RCB’s success. Instead of anchoring the innings, Kohli took a more attacking role, which helped the team win the title.“Virat Kohli and RCB is an identity that goes together. He started with RCB and is still playing for them. He has delivered brilliant performances. It was also a golden period in his career when he captained the team; there were a lot of brilliant performances,” he noted.“When they won last season, his strike rate also went up. He did not play anchor but took the role of an aggressor. It was a very big factor. They will expect even this time that he keeps up the same form.”

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Ram Gopal Varma says Dhurandhar 2 will terrify those turning heroes into god, audience into sheep: ‘Clowns in circus’

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Ram Gopal Varma says Dhurandhar 2 will terrify those turning heroes into god, audience into sheep: ‘Clowns in circus’


Filmmaker Ram Gopal Varma took to his X (formerly Twitter) to post another note about Aditya Dhar’s Dhurandhar: The Revenge. The Ranveer Singh-starrer, which hit screens on March 19 with paid premieres on March 18, is all anyone can talk about. RGV writes in his note that the film is a ‘horror’ for all filmmakers who made cinema that demanded the brain to be left at home.

Ram Gopal Varma was all praise for Aditya Dhar and Ranveer Singh's Dhurandhar: The Revenge.
Ram Gopal Varma was all praise for Aditya Dhar and Ranveer Singh’s Dhurandhar: The Revenge.

Ram Gopal Varma says Dhurandhar 2 is a horror

RGV began his note by calling Dhurandhar 2 a ‘horror’. Explaining, he added, “The @Dhurandhar2 is a HORROR. It is a horror for all filmmakers who built their careers and their fortunes on dumbed down, over the top cinema. The cinema that demanded the brain to be left at home. The cinema that was rammed down our throats full of LOUDNESS and MASALA which will be now soon on a ventilator struggling for breath.”

He also stated that the film will ‘scare the living hell’ out of filmmakers who ‘worship the godly hero’. RGV mentions how Ranveer’s character in Dhurandhar 2 is a ‘true hero’ who is flawed, dangerous and unpredictable, yet bleeds and feels pain. “Compared to this new kind of hero, the godly heroes will suddenly look ridiculous, almost like clowns in a circus. And then their blind worshippers will feel naked, exposed and scared hearing of the collections,” he added.

RGV also called out filmmakers who built careers over action set pieces that defy physics and gravity. “After the audience saw action that actually hurts, that actually bleeds, the flying goon brigade will suddenly feel cheap, fake, and embarrassingly ridiculous. The filmmakers who still swear by wires and cranes to fake uplift the heroes will now wake up shivering in cold sweat,” he wrote, calling out ‘pan Indian directors’ who depend on six packs and costumes. “When the audience of #Dhurandhar2 saw a hero whose power comes from his mind and not his biceps, the hair and costume school of cinema will look like kindergarten dress up.”

Dhurandhar 2 is not just a film, it’s a verdict, says RGV

RGV also wrote on X, “Dhurandhar 2 is not just a film. It is a verdict. With Dhurandhar 2 @AdityaDharFilms cut off the head of that kind of cinema, the one that insulted the intelligence of the audience, the one that replaced stories with bloated gaudy visuals, the one that turned heroes into gods and audiences into sheep.”

He took the collections of Dhurandhar 2 as proof of how things are changing. “The collections of #Dhurandhar2 are now in the process of burying all those earlier makers beliefs in a grave so deep that even their ghosts can’t come out. And the screams you are hearing now of #Dhurandhar2 box office collections is the collective sound which is announcing their deaths,” he wrote.

RGV ended his note by stating that even if filmmakers go back to their drawing boards after watching Dhurandhar 2, they might not have the brain that Aditya Dhar does. According to Sacnilk, Dhurandhar 2 collected ₹145.55 crore net in India from its premieres and opening day collections.


Important thing is we’re through: Alvarez after Spurs scare

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Important thing is we’re through: Alvarez after Spurs scare



Important thing is we’re through: Alvarez after Spurs scare

Atletico Madrid suffered a 2-3 defeat to Tottenham Hotspur in the second leg of their last-16 Champions League encounter, but managed to advance thanks to their 7-5 aggregate score. 

“We knew it wouldn’t be easy against them. We obviously wanted to win on the night, and had opportunities to do so, but the important thing is we’re through,” said Julian Alvarez.

Meanwhile, Bayern Munich beat Atalanta 4-1 to storm into the quarters with an aggregate score of 10-2.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever


Aditya Dhar has started a new era in filmmaking with Dhurandhar, says Rakesh Roshan: ‘Should not be considered a threat’

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Aditya Dhar has started a new era in filmmaking with Dhurandhar, says Rakesh Roshan: ‘Should not be considered a threat’


Aditya Dhar‘s Dhurandhar The Revenge has become a sensation. The sequel to Dhurandhar, which was released last year in December, has been receiving immense love from audiences and has also recorded a bumper start at the box office. Filmmaker Rakesh Roshan has now shared his opinion on the film after watching it, adding that Aditya Dhar has ‘delivered beyond expectations.’

Filmmaker Rakesh Roshan has praised Aditya Dhar's Dhurandhar.
Filmmaker Rakesh Roshan has praised Aditya Dhar’s Dhurandhar.

What Rakesh Roshan said about Dhurandhar

Taking to his X account, Rakesh Roshan said, “I just watched Aditya Dhar’s historic Dhurandhar, and it is a reminder to all of us filmmakers to pause and reset the fabric of cinema with the vision, passion and audacity with which Aditya has made Dhurandhar.”

He then said that the phenomenon of this film should not be seen as a threat. He added, “This should not be considered as a threat but a healthy and much needed revolution in storytelling and entertainment. It was about time, and Aditya Dhar has delivered beyond expectations! God bless and more power to you, Aditya!”

Meanwhile, the maker of the film hosted a special screening for the cast and crew where Aditya Dhar delivered a special message for the cast. He said, “Thanks to those who believed in me, starting from Jyoti Deshpande, and of course, my HODs, my cast members, actors, and everyone who has given their heart and soul to the film. I am overwhelmed with all the responses coming in and even the memes. But I genuinely want to thank everyone for being here, supporting us, and being part of this journey. This wouldn’t have been possible without you. Thank you so much.”

About Dhurandhar

Dhurandhar 2, directed by Aditya Dhar, released worldwide on Thursday, March 19. The Ranveer Singh-starrer had a good start on Wednesday, earning ₹43 crore net domestically and ₹75 crore gross worldwide from paid previews alone. The film managed to cross the ₹100 crore gross mark early on Thursday.

Dhurandhar was set in Lyari, Karachi, an area known for its history of gang wars and violent turf battles. It revolved around covert intelligence operations in the background of geopolitical and terror events like the Kandahar plane hijack, the 2001 Parliament Attack and the 26/11 Mumbai attacks.

The sequel charts the rise of Ranveer’s character, Hamza Ali Mazari, in the Karachi underworld, while also delving into his origins as Jaskirat Singh Rangi, tracing the journey of the young man who eventually becomes a covert operative. It also stars R Madhavan, Rakesh Bedi, Sara Arjun, and Arjun Rampal.


Will Europe be pulled into the Iran war? | News

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Will Europe be pulled into the Iran war? | News


Europe is under pressure as Trump pushes allies to support the Iran war. How are they responding?

As US President Donald Trump pushes deeper into war with Iran, Europe is keeping its distance, calling it “not our war”. But as strikes on Gulf energy facilities send oil and gas prices soaring, that distance is being tested. In a rare joint move, leaders from across Europe and Japan have pledged to help stabilize energy markets and ensure safe passage through the Strait of Hormuz. Can Europe stay out of the fighting while being pulled in by its economic consequences?

In this episode: 

  • Sven Kühn von Burgsdorff, Former EU Diplomat

Episode credits:

This episode was produced by David Enders and Chloe K. Li, with Spencer Cline, Sonia Baghat, Tuleen Barakat, Catherine Nouhan and our host, Malika Bilal. It was edited by Sarí el-Khalili. 

Our sound designer is Alex Roldan.  Our video editors are Hisham Abu Salah and Mohannad al-Melhem. Alexandra Locke is The Take’s executive producer. 

Connect with us:

@AJEPodcasts on X, Instagram, Facebook, and YouTube




Cristiano Ronaldo set to miss Portugal friendlies as FIFA World Cup 2026 injury concerns grow

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Cristiano Ronaldo set to miss Portugal friendlies as FIFA World Cup 2026 injury concerns grow


Cristiano Ronaldo will miss Portugal’s upcoming friendlies against Mexico and the United States due to a hamstring injury, raising fresh concerns ahead of the FIFA World Cup 2026.

The Portugal captain picked up the injury while playing for Al Nassr in late February and has since been undergoing treatment. Speaking during the squad announcement, Portugal head coach Roberto Martnez confirmed that the decision was precautionary as the team looks to manage Ronaldo’s fitness carefully ahead of the World Cup.

“It’s a minor muscle injury, and we think he can be back in a week or two,” Martnez said. “Everything Cristiano has done physically this season shows that he’s in great shape.”

Portugal are set to face Mexico on March 28 at the Azteca Stadium, followed by a clash against the United States in Atlanta on March 31. The fixtures serve as key preparation matches ahead of the World Cup, and Martnez has opted to rest key players rather than risk further injury.

The absence of Ronaldo also comes as part of a broader approach by the coaching staff to manage workload following a long domestic season. Bernardo Silva is another notable name missing from the squad, with the focus firmly on keeping senior players fresh for the bigger challenge ahead.

Despite Ronaldo’s absence, Portugal have named a strong squad featuring the likes of Bruno Fernandes and Joo Flix, while West Ham midfielder Mateus Fernandes earned his first senior call-up. Gonalo Guedes has also returned to the national setup after a gap of nearly two years.

Ronaldo remains Portugal’s most important figure heading into the tournament. The 41-year-old is the all-time leading scorer in men’s international football with 143 goals and is expected to lead the side once fully fit.

WILL CRISTIANO RONALDO PLAY FIFA WORLD CUP 2026?

Martnez made it clear that Ronaldo’s place in Portugal’s World Cup plans is not under threat despite the current setback.

“No, he’s not in danger,” Martnez said when asked about Ronaldo’s availability for the tournament.

The forward is expected to recover within the next couple of weeks, giving him enough time to return to action before the World Cup begins in June. Portugal will kick off their campaign on June 17 in Houston, with the tournament being co-hosted by the United States, Mexico and Canada.

Ronaldo is set to chase history as he aims to feature in a record sixth World Cup. The veteran is still chasing his first FIFA World Cup title, making the 2026 edition a potentially defining moment in his career.

While his absence from the friendlies may have raised initial concerns, the decision reflects Portugal’s long-term planning rather than any major fitness crisis.

Portugal squad for friendlies: Diogo Costa, Jose Sa, Rui Silva, Matheus Nunes, Diogo Dalot, Joao Cancelo, Nuno Mendes, Goncalo Inacio, Renato Veiga, Antonio Silva, Tomas Araujo, Ruben Neves, Samu Costa, Mateus Fernandes, Joao Neves, Vitinha, Bruno Fernandes, Rodrigo Mora Ricardo Horta, Pedro Goncalves, Joao Felix, Francisco Trincao, Francisco Conceicao, Rafael Leao, Pedro Neto, Goncalo Guedes, Goncalo Ramos

– Ends

Published By:

Debodinna Chakraborty

Published On:

Mar 21, 2026 00:08 IST


Ayesha says Ranveer deserves the world in a note for team 'Dhurandhar'

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Ayesha says Ranveer deserves the world in a note for team 'Dhurandhar'


Ayesha Khan says Ranveer Singh deserves the world in a note post 'Dhurandhar 2' release, says every conversation with Aditya Dhar will stay with her

As ‘Dhurandhar: The Revenge’, helmed by Aditya Dhar, continues to perform strongly at the box office, actress Ayesha Khan took a moment to look back on her journey with the franchise. Ayesha got a lot of love for her track ‘Shararat’ from ‘Dhurandhar’ which featured her alongside Krystle D’souza. Now just as the second part has released, the actress wrapped up her journey on the film with a heartfelt note for the team. Ayesha attended the special screening of ‘Dhurandhar 2’ on March 19 and posted a series of pictures from the evening. Reflecting on her experience, she thanked her co-stars and the entire team while celebrating the film’s widespread impact. In her note, she wrote, “And one with the OG DHURANDHARS!!! @ranveersingh like I told you, I am a fan since day 1!!!!! You deserve the world @castingchhabra the star maker! The sweetest, love and onlyyyyy love!!you are God sent @adityadharfilms sir every conversation that I have ever had with you is going to stay with me forever, I absolutely look upto your work life balance, no wonder God has blessed you and how sir!! Love and respect forever @saraarjunn what a sweetheart!!! Forever cheering for yalina, keep shining, stay the way you are! @yamigautam mam so much to learn from you, absolutely inspiring, what a journey.“‘Dhurandhar: The Revenge’ ReviewShe further added, “@vijayganguly to many more!!!! Thank you for all the Shararat @krystledsouza my lady!! The absolute stunning!! It was my pleasure to share the screen with you, to many more together @saumyas_world_ can’t wait to be slapped by you, iyky, that’s how one knows that they are STAR @rajarjunofficial sir, couldn’t find a good picture together!!!! But so much love in my heart for you, your warmth is everything!! Couldn’t find aunty’s Instagram, but can’t wait to rock the dance floor with her!!”She also expressed special thanks to casting director Mukesh Chhabra for placing his trust in her, describing her association with Dhurandhar as a “magical” experience. Ayesha acknowledged the appreciation she has received and shared that while her journey has had its challenges, it has been equally fulfilling. She also credited her family for being her constant source of strength.The sequel boasts an ensemble cast led by Ranveer Singh, along with Arjun Rampal, Rakesh Bedi, Sanjay Dutt, R. Madhavan, Danish Pandor, and Danish Iqbal, and continues to receive a strong response from audiences.


Industrial diesel prices hiked by Rs 22/litre amid Gulf crisis; no change in retail fuel prices

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Industrial diesel prices hiked by Rs 22/litre amid Gulf crisis; no change in retail fuel prices


Industrial diesel prices hiked by Rs 22/litre amid Gulf crisis; no change in retail fuel prices

The price of bulk diesel sold to industrial users was hiked by about Rs 22 a litre on Friday, reflecting the spike in global oil prices amid conflict in the Middle-East, even as the rates of normal petrol and diesel remained unchanged.In Delhi, bulk or industrial diesel prices were raised from Rs 87.67 per litre to Rs 109.59. By contrast, a litre of normal diesel in the national capital continues to cost Rs 87.67, while normal petrol remains priced at Rs 94.77 per litre.

Watch

Premium Petrol Prices Hiked By Up To ₹2.35 Per Litre In India Amid West Asia Conflict

The increase in bulk diesel rates comes as international oil prices touched $119 per barrel on Thursday on intensifying Iran war, before pulling back to around $ 108 a barrel.At a media briefing, Sujata Sharma, joint secretary, ministry of petroleum and natural gas, said there is no increase in prices of normal petrol and diesel.“Some increase is reported in the premium category which hardly makes up for 2-4 per cent of the entire petrol (sold in the country),” she said. “There is no increase in price for the common man.”Pricing decisions, she said, are taken by oil companies independently as petrol and diesel pricing was deregulated in 2010 and 2014 respectively. “It (pricing) is decided by oil marketing companies. Government does not regulate petrol and diesel prices,” she added, as quoted by PTI.The government is closely monitoring global oil markets, but there is no immediate plan to raise retail fuel prices. Oil marketing companies are expected to absorb the current cost pressure for the time being.“Our priority is to make energy available to all consumers, which we have been doing all through the crisis. Till now we have not increased the prices,” she added.Retail petrol and diesel prices have been frozen since April 2022, with fuel retailers like Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) absorbing losses when crude prices are high and making profits when rates are low.This meant that when global fuel prices went up in response to elevated crude prices, prices were stable in India. And when softening of crude prices pushed down fuel rates globally, rates in India remained unchanged.The government wants to continue to shield consumers, and the same policy will continue unless there is a huge spike in crude prices.India imports 88 per cent of its crude oil needs and roughly half of its natural gas requirement. These mostly come via the Strait of Hormuz. Following the US and Israeli attacks on Iranian government, military and nuclear facilities, Iran warned shipping away from the strait, and insurers withdrew coverage, effectively halting tanker movements.Prices had risen to $119 per barrel in June 2022 in the aftermath of Russia’s invasion of Ukraine.That year, oil companies had nominal profits, but in FY24, they posted record Rs 81,000 crore profit, helping make up for past dent in margins. This year, the three companies have posted Rs 23,743 crore profit in the December quarter alone.