Fuel hike to add 25-30 bps to CPI; diesel ripple hits e-commerce, transport, tourism margins

OMCs raised petrol/diesel by Rs 3/litre and CNG by Rs 2/kg — first hike since 2022. CPI seen climbing 25-30 bps in May, with June likely above 4%. Diesel pass-through threatens e-commerce logistics, retail transport and tourism cost lines. OMCs still bleed Rs 500 cr/day; further hikes likely if crude holds $105-110/bbl.

— Source publishedSat, 16 May, 2026, 00:23 IST·First seen Fri, 15 May, 2026, 18:56 IST·Source Forbes India

What happened

Indian OMCs · OMCs raised petrol/diesel by Rs 3/litre and CNG Rs 2/kg, first hike since 2022. CPI seen rising 25-30 bps with diesel ripple effects across

Key facts

  • Rs 3/litre petrol-diesel hike
  • Rs 2/kg CNG hike
  • CPI +25-30 bps May
  • April CPI 3.48%
  • June CPI >4%
  • OMC daily loss Rs 500 cr
  • pre-hike loss Rs 1,300-1,400 cr/day
  • excise loss Rs 1.3-1.4 lakh cr
  • crude $105-110/bbl

Why this matters

With OMCs still losing Rs 500 cr/day at $105-110 crude, expect further hikes — accelerate diligence on logistics-tech and EV-fleet targets while distressed multiples emerge in transport-heavy retail.

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