Petrol, diesel prices may rise Rs 25–28 per litre after state elections; here’s why
According to a note by Kotak Institutional Equities, the current freeze in retail fuel prices is becoming increasingly unsustainable, with oil marketing companies (OMCs) absorbing significant losses. The key trigger behind the expected price hike is the sustained rise in global crude oil prices, which have remained elevated due to geopolitical tensions in West Asia.
