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.
Petrol crossed ₹102 per litre in Delhi after oil marketing companies raised fuel prices for the fourth time in ten days. The rapid increases are compounding costs for commuters and businesses while adding to inflation pressure across the 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.
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-owned oil marketing companies, IOC, BPCL, and HPCL, face an estimated Rs 1.2 lakh crore combined loss in Q1 FY26 as crude prices rise and LPG under-recoveries widen. With the Centre ruling out fuel price hikes, a full-year profit wipeout is now a real risk.
Indian markets fell sharply after PM Modi urged fuel conservation and fewer gold and import purchases, signalling pressure on foreign exchange reserves. The Nifty 50 lost 1.49%, the rupee hit a record low of 95.31 per dollar, and Brent crude climbed above $104 on renewed Iran-US tensions.
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.
Government sources say a petrol and diesel price hike cannot be ruled out soon, as oil companies face mounting losses. Retail fuel prices have been frozen for four years while global crude costs have risen sharply. An increase would raise costs for consumers and could push up broader inflation.
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.
LPG under-recoveries at Indian oil marketing companies could reach Rs 80,000 crore by FY2027, driven by West Asia supply disruptions and elevated global prices, per ICRA. The fertiliser, chemical, and gas sectors face added margin pressure from the same cost cycle. How much subsidy the government commits will determine
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.
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
Petrol crossed ₹102 per litre in Delhi after oil marketing companies raised fuel prices for the fourth time in ten days. The rapid increases are compounding costs for commuters and businesses while adding to inflation pressure across the economy.
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-owned oil marketing companies, IOC, BPCL, and HPCL, face an estimated Rs 1.2 lakh crore combined loss in Q1 FY26 as crude prices rise and LPG under-recoveries widen. With the Centre ruling out fuel price hikes, a full-year profit wipeout is now a real risk.
1mo ago · 3 min · Markets
Indian markets fell sharply after PM Modi urged fuel conservation and fewer gold and import purchases, signalling pressure on foreign exchange reserves. The Nifty 50 lost 1.49%, the rupee hit a record low of 95.31 per dollar, and Brent crude climbed above $104 on renewed Iran-US tensions.
1mo ago · 3 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
Government sources say a petrol and diesel price hike cannot be ruled out soon, as oil companies face mounting losses. Retail fuel prices have been frozen for four years while global crude costs have risen sharply. An increase would raise costs for consumers and could push up broader inflation.
2mo ago · 1 min · Economy
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
LPG under-recoveries at Indian oil marketing companies could reach Rs 80,000 crore by FY2027, driven by West Asia supply disruptions and elevated global prices, per ICRA. The fertiliser, chemical, and gas sectors face added margin pressure from the same cost cycle. How much subsidy the government commits will determine
2mo ago · 1 min · Markets
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
— End of feed —