OMCs hike petrol, diesel by up to Rs 3/litre as Brent nears $100
Indian Oil marketing companies raised pump prices May 15 across Delhi, Mumbai, Kolkata and Chennai amid Hormuz tensions and Rs 10 bn/day under-recoveries. Freight, logistics and input costs set to climb for retailers and manufacturers, pressuring margins across categories.
What happened
Indian Oil Marketing Companies · OMCs raised petrol and diesel prices by up to Rs 3/litre on May 15 amid $100 Brent and Hormuz tensions. Rising fuel costs will
Key facts
- Rs 3/litre hike
- Petrol Delhi Rs 97.77
- Diesel Delhi Rs 90.67
- Petrol Kolkata Rs 108.74
- Petrol inflation 32.4%
- Diesel inflation 25.19%
- Brent ~$100/bbl
- Rs 10 billion/day losses
Why this matters
Hormuz-driven fuel spike accelerates the case for backward integration into regional warehousing and EV last-mile assets to structurally insulate from Brent volatility.