Business EconomyPosted at: May 15 2026 11:00PM


Fuel price revision a course correction, but more needs to be done: Crisil Intelligence

New Delhi, May 15 (UNI) India's decision to raise retail prices of petrol and diesel by Rs 3 per litre marks a meaningful, if partial, step toward unwinding one of the more prolonged under-recovery cycles in recent memory, said Sehul Bhatt, Director Crisil Intelligence, in a statement here on Friday.
"At their peak, oil marketing companies were absorbing losses of Rs 23-30 per litre on petrol and diesel, translating to a combined daily loss of Rs 1,300-1,400 crore across petrol, diesel, and LPG," Bhatt said.
He noted that government interventions through excise duty relief of Rs 10 per litre narrowed these Rs 14-17 per litre on petrol and diesel, respectively. It has reduced the run rate of daily loss to around Rs 1,000 crore.
The Rs 3 hike with marginal softening of crude oil prices brings estimated residual under-recoveries down to Rs 10 and Rs 13 per litre.
According to Bhatt, it will offer Oil Marketing Companies (OMCs) a degree of operational breathing room.
He noted that cumulative losses since the onset of conflict had already reached Rs 70,000 crore across the three fuel categories by April. It is expected to cross Rs 1 lakh crore by the end of May.
The latest price increase is aimed at containing incremental balance sheet stress rather than restoring marketing margins. This is better read as a policy acknowledgement that absorbed costs must eventually reflect in price.
UNI SAS AKU
Please log in to get detailed story.
Tags: #Fuel price revision a course correction# but more needs to be done: Crisil Intelligence
More News

Govt expands G-Sec reforms to attract foreign capital, deepen bond market

06 Jun 2026 | 5:46 PM

By Sourav Shekhar
New Delhi, Jun 6 (UNI) The Government has unveiled a series of reforms aimed at significantly increasing foreign participation in India's government securities (G-Sec) market- a move expected to deepen domestic debt markets, attract long-term capital and strengthen the country's position as a preferred global investment destination.

see more..

India’s GDP growth rises to 7 7 pc in FY26: SBI Research

06 Jun 2026 | 3:41 PM

New Delhi, June 6 (UNI) India's economy delivered a stronger-than-expected performance in the fourth quarter of FY26, helping annual GDP growth accelerate to 7.7 per cent and reinforcing the country's position as the world's fastest-growing major economy, according to a report by SBI Research on Saturday.

see more..

Sustainable energy infrastructure key to India's green growth journey

06 Jun 2026 | 2:14 PM

New Delhi, June 6 (UNI) As India accelerates its transition towards a low-carbon economy, the development of sustainable energy infrastructure will be critical in ensuring energy security, supporting industrial growth, and reducing environmental impact, according to industry experts.

see more..

40 lakh tonnes of coal missing? KTR seeks probe into alleged Rs 1,600 cr Singareni scam

06 Jun 2026 | 12:45 PM

Hyderabad, June 6 (UNI): Bharat Rashtra Samithi (BRS) Working President K.T. Rama Rao (KTR) has demanded an immediate and comprehensive investigation into the alleged disappearance of nearly 40 lakh metric tonnes of coal worth around Rs 1,600 crore from Singareni Collieries Company Limited (SCCL).

see more..

Genrobotics leads Rs 1 crore Seed Funding in Estro Tech Robotics

06 Jun 2026 | 10:23 AM

Thiruvananthapuram, June 6 (UNI) In a significant development for Kerala's emerging deep-tech sector, Genrobotics Innovations Pvt. Ltd, one of India's leading robotics companies, has led a Rs1 crore seed funding round in Thrissur-based startup Estro Tech Robotics, which specialises in Robotics and Artificial Intelligence of Things (AIoT) solutions.

see more..