OMCs hike petrol, diesel by up to Rs 3/litre as Brent nears $100
Indian Oil marketing companies raised pump prices May 15 across Delhi, Mumbai, Kolkata and Chennai amid Hormuz tensions and Rs 10 bn/day under-recoveries. Freight, logistics and input costs set to climb for retailers and manufacturers, pressuring margins across categories.
OMCs raised petrol and diesel prices by up to Rs 3/litre on May 15 amid $100 Brent and Hormuz tensions. Rising fuel costs will lift freight, logistics and input costs for retailers and manufacturers across sectors.
Why this matters
OMCs held pump prices steady on May 13 and May 14 despite Brent at $106 and losses of Rs 1,000-1,700 cr/day. May 15's Rs 3/litre hike confirms the foreshadowed pass-through as under-recoveries hit Rs 10 bn/day.
Retail-company signals steady at 248 over the past 90 days, indicating sustained sector-level activity.