State-run oil marketing companies are expected to keep retail fuel prices unchanged as they recover losses from the West Asia conflict and assess crude oil market uncertainties.
The decision comes despite a sharp fall in crude oil prices
Jun 26, 2026
05:17 pm
What's the storyState-run oil marketing companies (OMCs) are not expected to reduce retail fuel prices anytime soon.
The decision comes despite a sharp fall in crude oil prices, as refiners aim to recover heavy losses incurred during the West Asia conflict.
Falling crude prices to boost OMC profits: JP Morgan report
India's oil import cost falls below $70, first since Iran war began. But petrol, diesel price cut unlikely
Oil falls to pre-war levels, no change in petrol and diesel prices in India
India experiences a minimal fuel price hike of about 5% despite global surges due to the West Asia crisis.
Shares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not…
India's oil marketing companies face escalating under-recoveries due to persistent crude oil supply disruptions and an uncertain…
India’s oil minister warned state fuel retailers are losing up to ?1,000 crore a day selling below market prices and the…
Despite a sharp fall in global crude oil prices to below $84 per barrel following Iran-US negotiation reports, fuel prices in…
India's oil minister says falling crude prices won't reach the pump immediately due to shipping delays through the Strait of…
