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Potential petrol and diesel price hikes loom amid losses

19 May 2026 · 16:09 ISTafter close1 source ↓written by the desknot a recommendation

India’s oil marketing companies are incurring losses of ₹1,380 cr daily due to high crude prices. Recent price hikes have only provided partial relief, leaving under-recoveries on fuel and LPG significant. Analysts warn that if global oil prices stay elevated, consumers may face more phased fuel hikes ahead.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 19 May 2026, 16:09 IST.

Sourcesnews.google.com

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Potential petrol and diesel price hikes loom amid losses

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