₹3/L fuel hike threatens discretionary retail as diesel under-recoveries hit ₹100/litre
Petrol/diesel prices raised ₹3/litre amid Middle East crisis, with crude above $100 driving daily under-recoveries of ₹1,600-1,700 cr at OMCs. Diesel-led freight and packaging costs squeeze margins for transport-heavy retail, while 3-4% household fuel rise risks cutting first into dining, apparel, electronics and leisure travel spend.
Petrol/diesel hiked ₹3/litre amid Middle East crisis. Diesel-led freight, packaging, logistics costs threaten margins for transport-heavy retail. Discretionary spend on dining, apparel, electronics, leisure travel and entry durables seen cut first, narrowing consumption recovery.