Up to Rs 25 petrol, diesel hike? Oil firms still bleeding Rs 1,380 crore daily

Could petrol and diesel prices rise further after two recent hikes? India’s oil marketing companies are facing an estimated Rs 1,380 crore daily hit as elevated crude prices squeeze margins. Analysts say recent price increases provide only partial relief, with under-recoveries on fuel and LPG still running high. If global oil prices remain elevated, experts warn that consumers could see more phased fuel hikes ahead.