Fuel price hike may become inevitable as crude stress deepens say oil market expert MK Surana

Under recovery pressures are rising fast for fuel retailers

India’s oil marketing companies are seeing under-recoveries widen as crude supply disruptions persist and global market conditions stay uncertain. Industry veteran MK Surana warns that mounting financial stress could force a shift toward passing some costs to consumers, making a retail fuel price hike increasingly likely to protect fuel retailers from an unsustainable burden.