Kotak sees need for ₹13–17 fuel price hike
pre-market1 source ↓written by the desknot a recommendation
- more per litre
- ₹13–17
India may require ₹13–17 more per litre in fuel prices to counteract economic impacts from high crude oil costs. Kotak Institutional Equities warns that recent increases in petrol and diesel are insufficient to mitigate losses at oil marketing companies (OMCs). Continued geopolitical tensions could exacerbate these challenges. ⚖️
• Recent government measures may not suffice
• Ongoing West Asia conflict impacts crude prices
• Potential for further economic strain if prices remain elevated
Not investment advice. For informational purposes only.