OMCs hold pump prices steady on May 14 despite Brent at $106; daily losses hit Rs 1,000 cr
Petrol and diesel rates unchanged across metros — Delhi at Rs 94.77/87.67, Mumbai Rs 103.50/90.03, Kolkata Rs 105.45/92.02. With Brent near $106 and WTI $101, OMCs bleed Rs 1,000 cr/day and could post Rs 1.2 lakh cr Q1 FY27 loss. Puri flags subsidy burden of Rs 1,600-1,700 cr/day as unsustainable; commercial LPG already raised thrice.
What happened
Indian Oil Marketing Companies · Petrol and diesel prices held steady across Indian cities on May 14 despite Brent near $106. OMCs face Rs 1,000 cr daily
Key facts
- Petrol Delhi Rs 94.77/L
- Diesel Delhi Rs 87.67/L
- Petrol Mumbai Rs 103.50/L
- Diesel Mumbai Rs 90.03/L
- Petrol Kolkata Rs 105.45/L
- Diesel Kolkata Rs 92.02/L
- Petrol Chennai Rs 100.80/L
- Diesel Chennai Rs 92.81/L
- Brent ~$106/bbl
- WTI ~$101/bbl
- OMC daily loss Rs 1,000 cr
- Subsidy cost Rs 1,600-1,700 cr/day
- Potential Q1 FY27 loss Rs 1.2 lakh cr
- LPG 14.2kg hike needed 105% to Rs 1,868
- Commercial LPG 19kg Delhi Rs 3,071.50
- Commercial LPG 19kg Mumbai Rs 3,024
Why this matters
Sustained under-recovery at Rs 1,600-1,700 cr/day subsidy burden creates a window for upstream-integrated players to pursue distressed retail assets or negotiate equity-linked relief from the sovereign.