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BackIndia Fuel Prices Expected to Rise Rs 25-28 Per Litre After April 29 Elections

India Fuel Prices Expected to Rise Rs 25-28 Per Litre After April 29 Elections

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Economic Times4/23/2026BusinessIndia

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

fuel price hike crude oil petrol

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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.

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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.

Read the full article on Economic Times

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fuel price hike

Topicscrude oil petrol diesel india kotak institutional equities refiners loss

This article was originally published by Economic Times.

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