11 Mar 2026 | 5 Mins Read
Rise in oil prices may hit Indian OMCs despite steady retail fuel costs
Flipitmoney
Rising crude oil prices due to West Asian tensions strain India's fuel pricing system, with state-owned oil marketing companies likely to bear the financial burden. Despite global price swings, Indian petrol and diesel prices remain unchanged since April 2022, squeezing marketing margins for OMCs. Every $10 increase in crude prices adds $12-15 billion to India's annual import bill.