OMCs hike fuel prices, this time by ₹2.7 a litre

Fuel prices hiked by ₹2.7, fourth increase in 10 days

India's OMCs raised petrol and diesel prices for the fourth time in 10 days, totaling ~₹7.5/liter since May 15, with crude jumping from $65–70 to $110–115/barrel amid West Asia conflict. For energy-intensive operations and logistics budgets, sustained import dependency (85% of crude) and rupee weakness signal continued cost pressure with no near-term ceiling in sight.