Economic Times23/4/2026BusinessIndia
India Fuel Prices Expected to Rise Rs 25-28 Per Litre After April 29 Elections
Kotak Institutional Equities warns of unprecedented petrol prices near Rs 120/litre as refiners lose Rs 270 billion monthly
En resumen
- Fuel prices in India are set to increase by Rs 25-28 per litre after April 29 when Assembly elections conclude, according to Kotak Institutional Equities.
- At current crude oil levels of around $120 per barrel, the gap between global costs and domestic retail prices has widened significantly, causing refiners to lose nearly Rs 270 billion monthly.
- This could push petrol prices close to Rs 120 per litre, a level never seen before in India, impacting transportation and everyday expenses for consumers nationwide.
Resumen generado por IA
Tamaño de fuente
Fuel prices in India are set to increase by Rs 25-28 per litre after April 29 when Assembly elections conclude, according to Kotak Institutional Equities. At current crude oil levels of around $120 per barrel, the gap between global costs and domestic retail prices has widened significantly, causing refiners to lose nearly Rs 270 billion monthly. This could push petrol prices close to Rs 120 per litre, a level never seen before in India, impacting transportation and everyday expenses for consumers nationwide.
Temas relacionados
This article was originally published by Economic Times.
