India oil and gas stocks head for worst day in 9 months on renewed US tariff fears

Indian oil and gas stocks .NIFOILGAS slide 2.8%, head for worst day since April 4, 2025

Ten-member Nifty Oil & Gas index down after bipartisan U.S. bill proposing tariffs of up to 500% on countries buying Russian oil won Trump's backing; bill awaits congressional support

India is biggest buyer of Russian oil after China

Index heavyweight Reliance Industries RELI.NS falls 2.2%; has a 32.5% weightage on NIFOILGAS

RELI said on Tuesday it hasn't received Russian oil cargoes for about last three weeks, doesn't expect any deliveries in January

State-owned fuel retailer Hindustan Petroleum HPCL.NS biggest loser, down 4.9%; peers Indian Oil IOC.NS, Bharat Petroleum BPCL.NS drop 3.7% each

Oil explorer Oil & Natural Gas Corp ONGC.NS drops 3% amid broader risk-off sentiment, among biggest losers on blue-chip Nifty 50 .NSEI

Oil & Gas index down for a fourth straight session, extending losses to 6.2%; rose ~14% in 2025