Emkay Warns of ₹20/Litre Fuel Price Hike Risk
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.