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Fuel pricing lags behind crude jump pushing Q1 losses toward wiping out full year earnings
Economy
Published on 11 May 2026
A crude surge but prices still stuck two years back
Even after crude oil prices jumped around 50%, petrol and diesel are still sold at rates last seen about two years ago, leaving fuel firms to absorb the gap. LPG prices were hiked in March by Rs 60 per cylinder, but remain below actual costs. Analysts warn the resulting Q1 fuel losses could erase expected fiscal-year earnings.
- Crude jumped roughly 50% while petrol and diesel pricing stayed unchanged
- Petrol at Rs 94.77 and diesel at Rs 87.67 remain far below costs
- LPG was raised by Rs 60 in March yet still under-recovering
- Q1 fuel losses may wipe out full-year earnings for fuel-linked players
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times