Fuel Prices Hiked Up To Rs 3/Litre; Petrol Tops Rs 106 In Mumbai As OMCs Bleed Rs 10 Bn/Day
OMCs raised petrol and diesel by up to Rs 3/litre across metros with petrol at Rs 97.77 in Delhi and Rs 106.68 in Mumbai. With Brent near $100 and daily losses of Rs 10 bn, freight and logistics costs will squeeze retailer and FMCG margins, denting discretionary footfall.
What happened
Indian Oil Marketing Companies · OMCs raised petrol and diesel prices by up to Rs 3/litre nationwide amid Brent near $100 and Rs 10 bn/day losses. Rising
Key facts
- Rs 3/litre hike
- Petrol Delhi Rs 97.77
- Diesel Delhi Rs 90.67
- Petrol Kolkata Rs 108.74
- Petrol Mumbai Rs 106.68
- Petrol inflation 32.4%
- Diesel inflation 25.19%
- OMC losses Rs 10 bn/day
- Brent ~$100/bbl
Why this matters
Revisit logistics contracts and fuel-surcharge clauses now, and accelerate talks on shared-distribution or dark-store JVs to hedge against a structurally higher freight base.