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Modi's Fuel Price Freeze Is Costing State Retailers Billions | OilPrice.com

India’s oil minister warned state fuel retailers are losing up to ?1,000 crore a day selling below market prices and the situation may not be sustainable.

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oilprice.com

theprint.in

economictimes.indiatimes.com

martedì 12 maggio 2026·oilprice.com
Modi's Fuel Price Freeze Is Costing State Retailers Billions | OilPrice.com
India’s oil minister warned state fuel retailers are losing up to ?1,000 crore a day selling below market prices and the situation may not be sustainable.
martedì 12 maggio 2026·theprint.in
$28 million in OMC profits could be wiped out—Petroleum Minister Puri; rules out fuel price hike
Speaking at Annual Business Summit organised by CII, Union Minister Hardeep Singh Puri also spoke about supply side disruptions, strategic fuel reserves and the push for piped gas.

mercoledì 13 maggio 2026·

economictimes.indiatimes.com

Fuel price hike may become inevitable amid rising crude stress: MK Surana

India's oil marketing companies face escalating under-recoveries due to persistent crude oil supply disruptions and an uncertain global market. Industry veteran MK Surana warns of…

venerdì 15 maggio 2026·

theprint.in

Petrol, diesel prices hiked by Rs 3 per litre as Centre moves to ease OMC losses

The hike comes amid soaring global energy costs, with government citing mounting under-recoveries and fiscal pressure on state-run oil firms

venerdì 15 maggio 2026·

economictimes.indiatimes.com

HPCL, BPCL and IOC shares slide up to 3% after petrol, diesel price hike

Oil marketing company shares fell on Friday. Petrol and diesel prices saw a modest increase. This hike aims to ease financial pressure on companies. Global crude oil prices remain…

venerdì 15 maggio 2026·

ndtv.com

Oil Companies Losing Rs 1,600 Crore Daily. Will Rs 3 Petrol Hike Be Enough?

OMCs' production costs have "gone through the roof in the past month", Petroleum Minister Hardeep Singh Puri said last month after the governemnt cut central excise taxes to ease…

venerdì 15 maggio 2026·

m.economictimes.com

Yogesh Patil decodes why petrol, diesel prices may rise further

India's oil marketing companies received a modest Rs 3 per litre fuel price hike, which analysts say is insufficient to cover daily losses. While this offers some relief, a…

venerdì 15 maggio 2026·

m.economictimes.com

The Rs 3 relief that wasn't: Why investors are dumping oil stocks after long-awaited petrol, diesel price hike

Shares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not offset mounting losses. Analysts estimate OMCs…

venerdì 15 maggio 2026·

dawn.com

India raises retail fuel prices for first time since Mideast war began

Diesel in Delhi will cost 90.67 Indian rupees per litre and petrol 97.77, reflecting increases of 3.4pc and 3.2pc, respectively.

venerdì 15 maggio 2026·

oilprice.com

India Raises Fuel Prices for the First Time in Four Years | OilPrice.com

India has raised gasoline and diesel prices for the first time in four years as Middle East supply disruptions, soaring crude costs, and rising inflation intensify pressure on the…

venerdì 15 maggio 2026·

apnews.com

India raises fuel prices as global energy crisis adds pressure on economy

India has raised fuel prices by 3 rupees per liter to offset losses from higher global oil prices. On Friday, gasoline in New Delhi rose to 97.77 rupees a liter, while diesel…

venerdì 15 maggio 2026·

bdnews24.com

India raises retail fuel prices for first time since Iran war started

The latest adjustment marks a rare shift after a long period of steady rates

venerdì 15 maggio 2026·

dw.com

India hikes petrol, diesel prices as economic woes mount

For the first time in four years, Indian fuel retailers have increased the prices of petrol and diesel. Analysts warn this could be the first of many hikes.