Fuel hike jolts India retail: petrol +₹3.14, diesel +₹3.11 squeeze FMCG, paints, CV demand

First petrol/diesel hike in four years lands at ₹97.77 and ₹90.67/litre in Delhi, with CNG up ₹2. Freight (5-6% of revenues) and paints raw materials (>10%) brace for pass-through, while commercial vehicle demand softens and EV adoption gets a tailwind across Indian consumer sectors.

Indian Oil and peers raise petrol to ₹97.77 and diesel to ₹90.67/litre in Delhi—first hike in four years—squeezing FMCG, paints and CV demand.

Business Today · Latest · 5/15/2026, 8:37:15 AM · Ask about this →

Indian Oil Corporation + commercial vehicles + FMCG Sector + paints sector +