BPCL flags another fuel-price hike if crude holds near $95 a barrel
The state-run fuel retailer faces price-revision pressure above $80 a barrel after May increases of ₹7.38 per litre for petrol and ₹7.52 for diesel. BPCL is deferring refinery maintenance and pursuing US supply to protect domestic availability, while seeking support for LPG under-recoveries.
BPCL may raise Indian petrol and diesel prices again if crude remains above current levels near $95 a barrel. The state refiner is diversifying crude and LPG sourcing, seeking government support for losses, and deferring refinery maintenance to protect domestic supply.
Why this matters
BPCL's warning follows recent signals that it swung to a ₹3,962 crore Q1 loss as crude costs crushed fuel-retail margins, reinforcing a pattern of rising price-revision pressure.
Retail-company signals are accelerating, up +1,054,300% QoQ.