Petrol-Diesel Pumps Hold May 13 Rates; OMCs Bleed Rs 1,700 Cr/Day, Rs 5/L Hike Looms
Retail fuel prices stayed flat across most metros on May 13 — Delhi petrol at Rs 94.77, Mumbai at Rs 103.50 — even as Brent near $107 pushed OMC under-recoveries to Rs 1,600-1,700 cr daily. A Cabinet meeting Wednesday is weighing a Rs 5/litre pass-through; cumulative losses could hit Rs 1.2 lakh cr in Q1 FY27. Commercial 19kg LPG has already been raised thrice since February.
On May 13, Indian petrol/diesel prices held steady except Jaipur and Lucknow. OMCs face Rs 1,600-1,700 cr daily losses amid Brent near $107. Cabinet met Wednesday; a Rs 5/litre hike is anticipated. Commercial LPG already raised thrice since February.