← Latest news 
Petrol Diesel Under-Recoveries Could Force Another Rs 11 Hike Says Analyst Yogesh Patil
Economy
Published on 15 May 2026
Rs 3 hike saves just a fraction of daily losses
India’s oil marketing companies got a small cushion as petrol and diesel prices rose by Rs 3 per litre, but analysts say it barely covers the daily bleed caused by volatile, elevated crude costs. Energy analyst Yogesh Patil estimates the move cuts losses by about Rs 141 crore per day, yet under-recoveries will persist unless prices rise another Rs 11 per litre. The government appears to be using gradual hikes to control inflation while protecting retailer finances.
- Fuel prices rose only Rs 3 per litre for petrol and diesel
- Analyst estimates losses drop by about Rs 141 crore per day
- An additional Rs 11 per litre is needed to end under-recoveries
- Under-recoveries across petrol diesel and LPG run near Rs 1,000 crore daily
- LPG losses alone are about Rs 400 crore daily
- Diesel hikes are expected cautiously due to inflation ripple effects
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times