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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.
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
Tag
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
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
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