Yogesh Patil decodes why petrol, diesel prices may rise further
Published on: May 15, 2026, 11:15 a.m. | Source: The Economic Times
India's oil marketing companies received a modest Rs 3 per litre fuel price hike, which analysts say is insufficient to cover daily losses. While this offers some relief, a further Rs 11 per litre increase is needed to eliminate under-recoveries, as the government balances inflation concerns with retailer financial health.
