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Rupee weakness could erase petrol diesel relief as SBI warns costs rise fast with any more depreciation

Rupee weakness could erase petrol diesel relief as SBI warns costs rise fast with any more depreciation

SBI Research warns the rupee is at a critical depreciation threshold, where any further fall could cancel out benefits from the recent Rs 3 per litre petrol and diesel price hike. The report says even an extra Rs 2 depreciation increases the effective crude oil price, raising landed import costs enough to fully offset the relief to Oil Marketing Companies. OMC under-recoveries are soaring to about Rs 1,000 crore per day, and SBI also flags inflation and external risks from crude market pressures.

Summarised by Beize from a story on Republic on 16 May 2026
Petrol Diesel Under-Recoveries Could Force Another Rs 11 Hike Says Analyst Yogesh Patil

Petrol Diesel Under-Recoveries Could Force Another Rs 11 Hike Says Analyst Yogesh Patil

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.

Summarised by Beize from a story on The Economic Times on 15 May 2026

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HPCL BPCL IOC slump as petrol diesel jump by Rs 3 amid Strait of Hormuz disruption

HPCL BPCL IOC slump as petrol diesel jump by Rs 3 amid Strait of Hormuz disruption

Oil marketing companies like HPCL, BPCL and IOC came under pressure even after the Centre raised petrol and diesel prices by up to Rs 3 per litre from immediate effect. The hike, aimed at easing OMCs that have been absorbing losses from elevated global crude rates, followed prolonged disruptions in the Strait of Hormuz and the wider West Asia energy crisis. Despite the adjustment, shares fell as much as 3% on Friday, while petrol crossed Rs 97 in Delhi and surged higher in Kolkata.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Petrol Diesel Prices Jump Up to Rs 3 Litre Nationwide Here’s What Delhi and Metros Now Cost

Petrol Diesel Prices Jump Up to Rs 3 Litre Nationwide Here’s What Delhi and Metros Now Cost

Fuel prices were raised across India from Friday, with petrol and diesel increasing by as much as Rs 3 per litre amid volatile global crude markets. Delhi petrol is now Rs 97.77 and diesel Rs 90.67. Among metros, Kolkata saw the steepest petrol rise, while diesel also climbed in all four cities. The revision follows a sharp jump in wholesale fuel inflation in April. Rising Brent prices tied to Middle East tensions are squeezing oil marketing companies.

Summarised by Beize from a story on The Economic Times on 15 May 2026
Rajasthan petrol dealers allege OMCs are cutting supplies and capping sales through informal messages

Rajasthan petrol dealers allege OMCs are cutting supplies and capping sales through informal messages

Rajasthan petrol pump dealers have alleged that oil marketing companies (OMCs) are reducing fuel supplies to retail outlets while also imposing informal limits on how much petrol and diesel consumers can buy. The Rajasthan Petroleum Dealers Association claims dealers are being told to restrict sales via mobile messages and verbal instructions. In a representation to oil companies, the association warned the step could trigger disputes at fuel stations and potentially escalate into law and order problems across the state.

Summarised by Beize from a story on The Economic Times on 14 May 2026
State oil firms face Rs 1,700 crore daily losses as fuel prices stay frozen for 10 weeks

State oil firms face Rs 1,700 crore daily losses as fuel prices stay frozen for 10 weeks

State-owned oil marketing companies are bleeding under massive losses to keep petrol, diesel and cooking gas rates far below cost after the Middle East conflict began. Estimates put under-recoveries at Rs 1,600–1,700 crore per day, pushing total losses to well over Rs 1 lakh crore in just 10 weeks. Even with input crude prices up by about 50%, petrol and diesel are still sold at two-year-old rates, forcing financial pressure, possible extra borrowing and potential future price hikes.

Summarised by Beize from a story on The Economic Times on 14 May 2026

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

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

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.

Summarised by Beize from a story on The Economic Times on 13 May 2026
Fuel pricing lags behind crude jump pushing Q1 losses toward wiping out full year earnings

Fuel pricing lags behind crude jump pushing Q1 losses toward wiping out full year earnings

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.

Summarised by Beize from a story on The Economic Times on 11 May 2026
Petrol Diesel Rates Hold Steady Today as OMCs Face Rs 30000 Crore Monthly Losses Next Move Looms

Petrol Diesel Rates Hold Steady Today as OMCs Face Rs 30000 Crore Monthly Losses Next Move Looms

Petrol and diesel prices stayed unchanged across India on May 10 despite oil marketing companies racking up losses of around Rs 30,000 crore per month as global crude costs rise. With sources warning that further increases may be on the way in the coming days, commuters may soon see fuel rates move after this brief pause.

Summarised by Beize from a story on The Economic Times on 10 May 2026
Petrol Diesel Prices Today Stable in Most Cities as Next Week Hike Rumours Spread

Petrol Diesel Prices Today Stable in Most Cities as Next Week Hike Rumours Spread

Petrol and diesel prices stayed steady across most major Indian cities on Saturday even as global crude oil firmed up amid geopolitical tensions. Oil marketing companies and the government have been absorbing higher costs for over two months to avoid retail hikes, but the cushion is reportedly running thin. Watch Delhi, Mumbai and Gurugram for what comes next week.

Summarised by Beize from a story on The Economic Times on 9 May 2026

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Petrol Diesel Set to Jump ₹5 to ₹7 a Litre by May 15

Petrol Diesel Set to Jump ₹5 to ₹7 a Litre by May 15

Petrol and diesel prices may rise by ₹5 to ₹7 per litre nationwide by May 15, sources say. The expected increase follows a global crude oil price uptick and mounting pressure on domestic oil marketing companies to bring retail rates in line with international benchmarks. An LPG price revision could also be considered, adding to household cost concerns.

Summarised by Beize from a story on Republic on 8 May 2026
ATF for international carriers jumps 5 percent again as Delhi prices rise sharply from today

ATF for international carriers jumps 5 percent again as Delhi prices rise sharply from today

Starting today, state-owned oil marketing companies have increased Aviation Turbine Fuel for international airlines by 5%, marking the second consecutive monthly hike. The revision adds $76.55 per kilolitre, taking the Delhi ATF price to $1,511.86 per kl. Domestic airlines, meanwhile, see prices held stable in the same update.

Summarised by Beize from a story on Republic on 1 May 2026
Commercial LPG jumps ₹993 across Indian cities as Delhi cylinder hits ₹3071.50

Commercial LPG jumps ₹993 across Indian cities as Delhi cylinder hits ₹3071.50

Commercial LPG prices have been increased by ₹993 effective Friday, pushing the Delhi cylinder rate to ₹3,071.50. Petrol, diesel, and domestic LPG prices remain unchanged, leaving household costs steady even as business fuel becomes more expensive. City-wise commercial rates vary, so check your local pricing for the new month impact.

Summarised by Beize from a story on Republic on 1 May 2026
Commercial LPG cylinder price jumps Rs 993 to Rs 3071.50 in Delhi for businesses

Commercial LPG cylinder price jumps Rs 993 to Rs 3071.50 in Delhi for businesses

Commercial LPG cylinder prices were revised upwards by Rs 993 in Delhi, effective Friday, pushing the 19 kg cylinder to Rs 3,071.50. The hike will directly raise operating costs for food and hospitality businesses that rely on commercial refills. Domestic LPG prices, however, remain unchanged for households, leaving consumer costs steady for now.

Summarised by Beize from a story on Republic on 1 May 2026

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

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

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.

Summarised by Beize from a story on The Economic Times on 1 May 2026
No LPG shortage in India as government says supplies stay steady amid West Asia crisis

No LPG shortage in India as government says supplies stay steady amid West Asia crisis

Amid the West Asia crisis, the government has clarified that India has no LPG shortage, saying domestic supply is running at 100%. It added there have been no reported dry-outs nationwide, and online LPG bookings are close to full at around 98%. Oil marketing companies are maintaining uninterrupted delivery, urging people to avoid panic buying and purchase only what they need.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
West Asia war slashes bulk diesel sales as buyers rush to cheaper retail pumps

West Asia war slashes bulk diesel sales as buyers rush to cheaper retail pumps

The West Asia war is reshaping diesel demand, cutting bulk sales to oil companies by 30-50% as large customers switch to buying from retail pumps. With retail diesel priced about ₹50 per litre cheaper, the shift is deepening losses for oil marketing companies, though state transport corporations remain exempt from higher bulk pricing. The widening gap is driving even more customers to seek alternatives.

Summarised by Beize from a story on The Economic Times on 30 Apr 2026
Diesel prices steady across Indian cities today but Rs 10 hike warning looms

Diesel prices steady across Indian cities today but Rs 10 hike warning looms

Despite a global crude oil jump fueled by geopolitical tensions and Strait of Hormuz disruptions, diesel retail rates in major Indian cities stayed unchanged on April 27. Still, analysts warn oil marketing companies could push prices higher, potentially by around Rs 10 per litre, to recover losses. City-wise rates remain steady but the next revision may not.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026

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Crude oil hits four year low but petrol prices stay stubbornly high in India

Crude oil hits four year low but petrol prices stay stubbornly high in India

Crude oil has fallen to a four-year low, and global rates are down nearly 30% in the last quarter. Oil marketing companies are buying cheaper crude and seeing higher margins, but retail fuel prices haven’t dropped in months. The reason: taxes and duties remain high, shielding consumers from the benefits.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
IndianOil net profit plunges 67 as past subsidy ghosts return

IndianOil net profit plunges 67 as past subsidy ghosts return

Crude oil prices have been falling and pump rates remain largely steady, but state-run IndianOil’s net profit has still dropped by 67%. The question now is why margins are getting squeezed, with attention turning to the lingering impact of past subsidies and under-recoveries that can distort earnings even when fuel prices don’t move.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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