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India's state-run oil marketing companies are absorbing ₹550 crore in daily losses on petrol, diesel, and LPG as conflict-linked disruptions keep global crude costs elevated. Privately-owned OMCs have seen diesel sales drop 38% this month as buyers shift to cheaper state-run pumps.
India's state-run oil marketing companies have raised petrol and diesel prices by ₹2.7 per litre for the fourth time in 11 days, bringing the total increase to ₹7.5 to ₹8 per litre. The rapid catch-up hikes point to OMCs unwinding accumulated losses, with knock-on pressure on freight costs and retail inflation.
India has raised petrol and diesel prices for the fourth time in under two weeks as surging global crude costs and the Iran conflict push oil marketing companies past the point of absorbing daily losses. Consumers are now bearing costs the government had largely shielded them from until now.
India's state-run oil marketing companies face a combined Rs 1.2 trillion loss, and analysts say they could turn technically insolvent within two quarters if fuel prices are not raised. Petrol, diesel, and LPG prices all need upward revision to close the gap between supply costs and capped retail rates.
India's state oil companies are considering a ₹5-per-litre hike on petrol and diesel as daily losses on fuel sales reach an estimated ₹10 billion ($105 million). No official decision has been announced, but the pressure on OMC balance sheets makes a revision increasingly likely.
India's state oil companies are losing Rs 1,600, 1,700 crore daily by holding retail fuel prices steady despite high global energy costs, accumulating over Rs 1 lakh crore in under-recoveries in 10 weeks.
India's state-run oil companies are absorbing large daily losses as global crude prices stay high and the West Asia crisis strains supply routes. A fuel price hike is being weighed to ease the financial burden, though no timeline has been announced.
India's state-run oil-marketing companies are losing ₹30,000 crore per month on petrol, diesel, and LPG sales, a Union Petroleum Ministry official said. Losses continue despite a government cut in export duties, raising pressure on OMC balance sheets and fuelling speculation over a price revision or direct fiscal
India's state-run oil firms absorbed an estimated Rs 30,000 crore in losses by keeping petrol, diesel, and LPG prices frozen during a global energy shock. Government excise duty cuts helped partially offset the shortfall, but financial stress on these companies is now significant.
Brokerage Emkay warns that petrol and diesel prices in India may need to rise by up to ₹20 per litre within three to six months if crude stays above $100 per barrel. India's crude basket is already near $110, leaving OMCs with under-recoveries of ₹18, 20 per litre even after the March 2026 excise duty cut.
Global crude oil prices have jumped from around $70 per barrel last year to over $114 per barrel this month, raising the likelihood of petrol and diesel price hikes in India. Indian state oil companies are currently absorbing the cost gap, but that buffer is under strain. A retail fuel price revision could push up
India's state-run oil marketing companies are pushing the government to raise prices of LPG, petrol, diesel, and ATF after rising crude oil costs deepened their losses. With elections over, the political barrier to a price hike has eased. A government decision on revisions is now awaited.
Indian state-run oil companies are selling petrol at ₹14 per litre below cost and diesel at ₹18 below cost. The West Asia crisis has pushed energy prices higher, adding an expected ₹80,000 crore loss on LPG for the current fiscal year. A price hike, budget support, or mounting company losses are the likely outcomes to
India's petroleum ministry has denied any proposal to raise petrol or diesel prices from May 1. The denial follows panic buying and long queues at fuel stations driven by post-election hike speculation. No revised timeline for a price change has been indicated.
Truck convoys are blocking roads and key infrastructure across the Republic of Ireland in fuel price protests, with demonstrations potentially moving into Northern Ireland. The actions threaten supply chain disruption and are pressing governments in Dublin and Belfast toward a policy response on fuel costs.
Qantas and Westpac have issued profit warnings as Middle East conflict-driven fuel prices squeeze margins and dampen consumer conditions across Australia. The dual pressure of rising costs and falling sentiment creates a stagflationary bind for the Reserve Bank of Australia. The RBA's next policy meeting will be a crit
Tag
India's state-run oil marketing companies are absorbing ₹550 crore in daily losses on petrol, diesel, and LPG as conflict-linked disruptions keep global crude costs elevated. Privately-owned OMCs have seen diesel sales drop 38% this month as buyers shift to cheaper state-run pumps.
1mo ago · 3 min · Economy
India's state-run oil marketing companies have raised petrol and diesel prices by ₹2.7 per litre for the fourth time in 11 days, bringing the total increase to ₹7.5 to ₹8 per litre. The rapid catch-up hikes point to OMCs unwinding accumulated losses, with knock-on pressure on freight costs and retail inflation.
1mo ago · 3 min · Economy
India has raised petrol and diesel prices for the fourth time in under two weeks as surging global crude costs and the Iran conflict push oil marketing companies past the point of absorbing daily losses. Consumers are now bearing costs the government had largely shielded them from until now.
1mo ago · 3 min · Economy
India's state-run oil marketing companies face a combined Rs 1.2 trillion loss, and analysts say they could turn technically insolvent within two quarters if fuel prices are not raised. Petrol, diesel, and LPG prices all need upward revision to close the gap between supply costs and capped retail rates.
1mo ago · 2 min · Markets
India's state oil companies are considering a ₹5-per-litre hike on petrol and diesel as daily losses on fuel sales reach an estimated ₹10 billion ($105 million). No official decision has been announced, but the pressure on OMC balance sheets makes a revision increasingly likely.
1mo ago · 2 min · Markets
India's state oil companies are losing Rs 1,600, 1,700 crore daily by holding retail fuel prices steady despite high global energy costs, accumulating over Rs 1 lakh crore in under-recoveries in 10 weeks.
1mo ago · 2 min · Markets
India's state-run oil companies are absorbing large daily losses as global crude prices stay high and the West Asia crisis strains supply routes. A fuel price hike is being weighed to ease the financial burden, though no timeline has been announced.
1mo ago · 2 min · Economy
India's state-run oil-marketing companies are losing ₹30,000 crore per month on petrol, diesel, and LPG sales, a Union Petroleum Ministry official said. Losses continue despite a government cut in export duties, raising pressure on OMC balance sheets and fuelling speculation over a price revision or direct fiscal
1mo ago · 2 min · Markets
India's state-run oil firms absorbed an estimated Rs 30,000 crore in losses by keeping petrol, diesel, and LPG prices frozen during a global energy shock. Government excise duty cuts helped partially offset the shortfall, but financial stress on these companies is now significant.
1mo ago · 2 min · Economy
Brokerage Emkay warns that petrol and diesel prices in India may need to rise by up to ₹20 per litre within three to six months if crude stays above $100 per barrel. India's crude basket is already near $110, leaving OMCs with under-recoveries of ₹18, 20 per litre even after the March 2026 excise duty cut.
1mo ago · 2 min · Markets
Global crude oil prices have jumped from around $70 per barrel last year to over $114 per barrel this month, raising the likelihood of petrol and diesel price hikes in India. Indian state oil companies are currently absorbing the cost gap, but that buffer is under strain. A retail fuel price revision could push up
2mo ago · 1 min · Economy
India's state-run oil marketing companies are pushing the government to raise prices of LPG, petrol, diesel, and ATF after rising crude oil costs deepened their losses. With elections over, the political barrier to a price hike has eased. A government decision on revisions is now awaited.
2mo ago · 1 min · Economy
Indian state-run oil companies are selling petrol at ₹14 per litre below cost and diesel at ₹18 below cost. The West Asia crisis has pushed energy prices higher, adding an expected ₹80,000 crore loss on LPG for the current fiscal year. A price hike, budget support, or mounting company losses are the likely outcomes to
2mo ago · 1 min · Economy
India's petroleum ministry has denied any proposal to raise petrol or diesel prices from May 1. The denial follows panic buying and long queues at fuel stations driven by post-election hike speculation. No revised timeline for a price change has been indicated.
2mo ago · 1 min · Policy & Government
Truck convoys are blocking roads and key infrastructure across the Republic of Ireland in fuel price protests, with demonstrations potentially moving into Northern Ireland. The actions threaten supply chain disruption and are pressing governments in Dublin and Belfast toward a policy response on fuel costs.
2mo ago · 1 min · Policy & Government
Qantas and Westpac have issued profit warnings as Middle East conflict-driven fuel prices squeeze margins and dampen consumer conditions across Australia. The dual pressure of rising costs and falling sentiment creates a stagflationary bind for the Reserve Bank of Australia. The RBA's next policy meeting will be a crit
2mo ago · 1 min · Markets
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