India's ₹3/litre fuel hike squeezes FMCG, auto, aviation margins as Brent hits $111
A ₹3/litre petrol-diesel hike amid Brent at $111.56 is rippling through India's consumption economy. Nifty FMCG fell 0.8%, Nifty Auto 1.5%, while SpiceJet sank 3.4% and IndiGo 1.2%. FMCG firms are raising prices but low-ticket SKUs resist full pass-through, pressuring margins and FY27 inflation now seen at 5% vs 4.6%.
₹3/litre fuel hike and $111 Brent squeeze India's FMCG, auto, aviation margins; FY27 inflation seen at 5% vs 4.6%.
Mint · Markets · 5/18/2026, 7:24:47 AM · Ask about this →