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The Latest Breaking News from OMCs

Behind the petrol pump: Why fuel retailers losing Rs 7-8 per litre need $85 crude oil to stop bleeding cash

Oil companies face continued losses of Rs 7-8 per litre on petrol and diesel, with a breakeven point only at crude prices of $85-87 a barrel. Despite recent price hikes, government reluctance to reverse duty cuts and fiscal pressures mean OMCs are absorbing the pain, potentially impacting non-defence capital expenditure.

The Economic Times

Petrol, diesel prices hiked by Rs 7.5 per litre since Iran war: Here’s how it will impact your daily life

Fuel prices are rising again, making travel and goods more expensive. This impacts transporters, supply chains, and household budgets. Oil Marketing Companies are seeing stock rallies. The government faces a challenge balancing OMCs' financial health with consumer impact. Global events continue to influence fuel costs.

The Economic Times

Govt gives up Rs 14,000 crore in tax revenue after excise duty cut on petrol and diesel: Petroleum Ministry

The Indian government has sacrificed nearly Rs 14,000 crore in tax revenue by lowering excise duty on petrol and diesel. This move aims to protect consumers from rising fuel prices driven by the West Asia crisis. Despite this, oil companies continue to face daily losses.

The Economic Times

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Fuel Prices in India Hiked for Fourth Time in Two Weeks Amid Global Oil Shock

India has witnessed another sharp increase in fuel prices, with state-run oil marketing companies (OMCs) raising petrol and diesel rates for the fourth time in less than two weeks. The latest revision has intensified concerns among consumers and policymakers as global crude oil markets remain volatile due to escalating geopolitical…

Whats Hot

‘Why are petrol, diesel prices rising despite OMCs’ super profits?’ Congress MP Manish Tewari slams fourth hike

"Why @HardeepSPuri Why ? State Run Oil Marketing Companies ( OMC's) made whopping profits in FY 2025 -26 . The Three OMC's made a cumulative profit of Rs . 77,280.65 crores a 130% jump over FY 2024-25. Even in (Quarter 4, Jan -March 2026) Q-4 2025-26 when Isreal and US…

The Economic Times

Petrol, diesel prices hiked for third time in eight days on rising crude oil costs

Fuel prices in India have seen another increase, with petrol and diesel rates rising by approximately Rs 0.87 and Rs 0.91 per litre respectively in Delhi. This marks the third hike this month, driven by a surge in international crude oil prices due to Middle East conflict and the expiry…

The Economic Times

Kotak warns of massive fuel under-recoveries despite recent Rs 3/litre price hike

Fuel prices in India could see a significant increase. State-run oil companies may have to raise petrol and diesel rates further if crude oil prices stay high. This is due to ongoing disruptions in the Strait of Hormuz. Even after a recent small hike, refiners face substantial under-recoveries. Further price…

The Economic Times

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Petrol, diesel price hike impact: HPCL, BPCL & IOC shares jump 2% each. What lies ahead for the OMCs?

Oil marketing companies like HPCL, BPCL, and IOC saw a 2% share increase following a second petrol and diesel price hike in under a week, with prices rising by approximately 90 paise per litre. This move aims to alleviate financial pressure on OMCs amid elevated global crude prices and geopolitical…

The Economic Times

Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily loss

Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL). Brokerages including Nomura and Elara Capital warn further fuel price hikes…

The Economic Times

The Rs 3 relief that wasn't: Why investors are dumping oil stocks after long-awaited petrol, diesel price hike

Shares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not offset mounting losses. Analysts estimate OMCs could still lose nearly Rs 500 crore daily at current crude prices. With Brent crude above $100 and West Asia…

The Economic Times

Yogesh Patil decodes why petrol, diesel prices may rise further

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.

The Economic Times

Petrol, Diesel prices today hiked? Check the latest rates in Delhi, Mumbai, Kolkata and other cities as OMCs bleed Rs 1,000 crore per day

Petrol, Diesel prices today (May 12): Petrol and diesel prices remained steady on May 12, 2026, despite rising concerns over India's energy security and escalating crude oil prices. The government is absorbing daily losses to shield consumers, while urging citizens to curb fuel consumption amid Middle East tensions. India maintains…

The Economic Times

Pakistan left with 26 days of fuel, may impose work-from-home as Strait of Hormuz crisis deepens

Pakistan is implementing major measures to ensure fuel stability amid trade slowdown due to the Strait of Hormuz closure. Proposals include weekly price revisions, compensation for increased oil company costs, and fuel conservation. The country is exploring alternative import routes and has substantial existing fuel stocks.

The Times of India

Petroleum dealers urge OMCs to reduce fuel prices gradually

The Hindu

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The Hindu

Auto gas prices see a hike of ₹3.04/litre, causing discontent among commuters and autorickshaw drivers

OMCs hike auto gas prices by ₹3.04/litre, total hike of ₹11/litre. Commuters & autorickshaw drivers shocked. No meters, drivers charge exorbitant fares. Passengers pay more than meter rate & wait longer for trips. Govt must step in to prevent situation from worsening.

The Hindu

Petroleum dealers urge Centre to notify them in advance of any changes in fuel price

CIPD urges Centre to inform dealers in advance of any RSP reduction to prevent losses. Dealers have not had margin increase in 6 yrs & faced huge losses in Nov 2021 & May 2022. CIPD seeks compensation for losses & price protection to help industry.

The Hindu

Commercial LPG cylinder prices slashed by ₹158

OMCs reduce price of 19 kg commercial LPG cylinders by ₹158. Effective from today, Delhi retail price of 19 kg cylinder is ₹1,522. Centre reduced domestic LPG price by ₹200 on Aug 29. Prices revised monthly, with new rates effective from Sept 1. Prices reduced by ₹99.75 in Aug, ₹7…

The Hindu

LPG distributors in T.N. demand refund following reduction in price of refills

Cooking gas distributors in the State have urged the oil marketing companies to reimburse the amount they have lost due to the sudden price cut announced by the Union Cabinet

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The Hindu

OMCs looking to establish 4,151 new fuel outlets in Tamil Nadu

The Times of India

Over 6k fuel stations to open in Uttar Pradesh

LUCKNOW: IOCL, BPCL and HPCL, the leading PSU oil marketing companies (OMCs), are set to open 6,609 new fuel station across Uttar Pradesh.

The Hindu

Data | Why petrol prices in India have remained unchanged despite falling crude oil costs

Retail petrol prices have remained unchanged at the pump while the crude prices (Indian basket) have reduced by around $20/barrel

The Times of India

Tamil Nadu retail fuel outlets start to go dry

CHENNAI: Following Rajasthan, Andhra Pradesh and several other Indian states, retail fuel outlets in Tamil Nadu have also started to go dry.

The Hindu

Petrol pump dealers observe ‘No purchase day’

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The Times of India

'No purchase' by petrol pump dealers on Tuesday to demand higher commission

NEW DELHI: A petrol pump dealers' association will on Tuesday resort to 'no purchase of petrol and diesel' in protest against no increase in their commission by the oil marketing companies, but the protest is unlikely to disrupt supplies as fuel bunks have enough stocks to last couple of days.

The Hindu

Andhra Pradesh: Petrol outlets in Vizianagaram not buy fuel from OMCs on Tuesday

Dealers insisting on dynamic pricing system

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