OMCs hold pump prices steady on May 14 despite Brent at $106; daily losses hit Rs 1,000 cr
Petrol and diesel rates unchanged across metros — Delhi at Rs 94.77/87.67, Mumbai Rs 103.50/90.03, Kolkata Rs 105.45/92.02. With Brent near $106 and WTI $101, OMCs bleed Rs 1,000 cr/day and could post Rs 1.2 lakh cr Q1 FY27 loss. Puri flags subsidy burden of Rs 1,600-1,700 cr/day as unsustainable; commercial LPG already raised thrice.
Petrol and diesel prices held steady across Indian cities on May 14 despite Brent near $106. OMCs face Rs 1,000 cr daily losses; Puri warned subsidies unsustainable. Commercial LPG already hiked thrice since Iran war began.