Fuel Prices Hiked Up To Rs 3/Litre; Petrol Tops Rs 106 In Mumbai As OMCs Bleed Rs 10 Bn/Day
OMCs raised petrol and diesel by up to Rs 3/litre across metros with petrol at Rs 97.77 in Delhi and Rs 106.68 in Mumbai. With Brent near $100 and daily losses of Rs 10 bn, freight and logistics costs will squeeze retailer and FMCG margins, denting discretionary footfall.
OMCs raised petrol and diesel prices by up to Rs 3/litre nationwide amid Brent near $100 and Rs 10 bn/day losses. Rising freight, logistics and input costs will pressure retailers and manufacturers across consumer categories.