West Asia turmoil widens OMC fuel losses as crude stays above 120 dollars a barrel

Published on 29 April 2026

Margins turn negative fast as crude climbs

ICRA warns that the West Asia crisis is already squeezing fuel economics for Indian OMCs. With crude at $120–125 per barrel, marketing margins are estimated at about negative Rs 14 per litre for petrol and Rs 18 for diesel. If crude rises by $1 and retail prices don’t change, fuel marketing losses increase by roughly 60 paise per litre.

Crude at $120–125 pushes petrol and diesel margins negative
Petrol marketing margin estimated around negative Rs 14 per litre
Diesel marketing margin estimated around negative Rs 18 per litre
Each $1 crude rise adds about 60 paise per litre losses

#west asia crisis #crude oil #icra #omc #fuel marketing

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West Asia turmoil widens OMC fuel losses as crude stays above 120 dollars a barrel

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