Fuel Price Hikes Imminent in India as Oil Marketing Firms Face Mounting Losses
The Impending Shift in Fuel Pricing Indian consumers are bracing for a potential increase in petrol and diesel prices before May 15, as state-run oil marketing companies (OMCs) struggle to absorb the financial impact of sustained geopolitical instability in the Middle East. With the current price freeze reaching a breaking point, industry officials indicate that…