•UBS downgrades Indian Oil Corporation, Bharat Petroleum Corporation to 'Neutral' and Hindustan Petroleum Corporation to 'Sell' due to geopolitical risks.
•Price targets cut: IOC to ₹175, BPCL to ₹365, and HPCL to ₹340.
•Brokerage warns a $5 per barrel crude oil price increase could halve the sector's profits if not passed on to consumers.
•UBS significantly cut FY27 profit estimates: IOC by 19%, BPCL by 15%, and HPCL by 46%.
•Concerns rise over commercial LPG supply halt for restaurants and hotels, potentially forcing closures across cities.
