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Market Insights 28 February 2026 · By Dwipa Shah

How Rising Oil Prices Can Impact Your Investments and Finances

#MacroEconomics #PersonalFinance #WealthManagement #FinancialPlanning #ANDFintech #MutualFunds #SIP #DwipaShah #ThaneFinance #ThaneBusiness #MumbaiInvestors #WealthForDoctors #DoctorRetirementPlanning .

Most people don't know it yet.

If you hold aviation stocks, home loan or SIP this post is for you.

Check your portfolio this weekend.

Something broke in the India-US trade deal this week.

To secure the US trade deal, India made a key concession

Cut Russian oil imports.

At peak India was buying 1.8 Mn bpd (Barrels/day) Russian oil.

That has already been reduced to ~1 Mn bpd.

In return, India expects ~$7.5B annual tariff benefits from the trade agreement.

So the math looks simple.

Scenario 1

India sticks to the deal

Russian oil bought 1M bpd

Current discount $11/barrel

Savings vs Gulf oil

1M × $11 × 365

= $4B

Add tariff benefits

Total gain, $11.5B/yr

Scenario 2

India quietly walks back

Imports return to 1.8M bpd.

Russia raises the discount to $15/barrel

(the level already offered to China).

Savings

1.8M × $15 × 365

= $9.9B

Trade deal benefit disappears.

Total: $9.9B

Still lower than the deal.

But the real decision isn’t math.

It’s certainty vs promises.

Russian discount

• Immediate

• Cash saving every day

• Starts with the next tanker

Trade deal benefit

• Could take 3-5 years

• Spread across sectors

• Requires full bilateral agreement

• Depends on exporters scaling capacity

Why this matters to your portfolio

Stocks of oil companies (IOC, BPCL, HPCL)

Higher Russian discounts will lead to stronger refining margins

Watch procurement data closely.

Stocks of Aviation companies

Fuel costs spike, disrupted air route, double hit to sector.

Interest rates

Expensive oil leads to inflation pressure

RBI rate cuts cycle could end, time to lock in EMI rates

Rupee

Higher oil import bill widens the current account deficit.

Rupee slides further, lock in forex rate wherever possible

Equity SIP investors

Brent crossed $120 after Ukraine in 2022.

Markets recovered. Fully.

Stay the course. Add on dips if you have the stomach for it.

Do not let a 33km strait derail a 30 yr plan.

Save for future reference, Share to spread the word.

Originally published on LinkedIn

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