Fuel hike to add 25-30 bps to CPI; diesel ripple hits e-commerce, transport, tourism margins
OMCs raised petrol/diesel by Rs 3/litre and CNG by Rs 2/kg — first hike since 2022. CPI seen climbing 25-30 bps in May, with June likely above 4%. Diesel pass-through threatens e-commerce logistics, retail transport and tourism cost lines. OMCs still bleed Rs 500 cr/day; further hikes likely if crude holds $105-110/bbl.
OMCs raised petrol/diesel by Rs 3/litre and CNG Rs 2/kg, first hike since 2022. CPI seen rising 25-30 bps with diesel ripple effects across e-commerce, transport, tourism. OMCs still lose Rs 500 cr daily; further hikes likely if crude stays elevated.
Also reported by
- Forbes India — Same time