OMCs warn of deep losses as govt weighs higher LPG petrol diesel and ATF prices

Elections are done, but price hike calls rise

Soaring oil prices are forcing the government to revisit fuel pricing as state-run oil marketing companies grapple with mounting losses. While consumers have enjoyed stable LPG, petrol, diesel and ATF prices so far, the decision on whether to raise rates is still pending after elections. If crude volatility continues, price pressure may soon reach the pump.