IOC, BPCL and HPCL pushed through a fourth price increase in 11 days, lifting petrol to Rs 115.69 in Hyderabad and Rs 102.12 in Delhi. Private retailers Nayara, Shell and Jio-bp matched the move. With PSUs holding ~90% share and VAT up to 30%, pressure mounts on states to cut taxes.

Times of India · Business · 5/25/2026, 6:38:26 AM

Indian Oil flags petrol sales up 14% and diesel up 18% in May, citing harvest-season demand and bulk buyers shifting from pricier private retailers to PSU outlets. Localised demand spikes of 20-30% strained some of its 42,000 outlets, but supply is adequate.

Indian Express · Business · 5/24/2026, 12:56:58 AM

Indian Oil, BPCL and HPCL — controlling 90% of India's fuel retail — are absorbing Rs 18/litre on petrol and Rs 25/litre on diesel as Delhi holds pump prices at Rs 94.77 and Rs 87.67 amid West Asia crisis. A post-election hike looks imminent.

Indian Express · Business · 5/15/2026, 2:01:03 AM