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FUEL POLICY

Crude pressure reaches India’s fuel sellers

ICRA estimates a large daily loss for state-run OMCs while pump prices remain unchanged.

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THE NUMBER

OMC loss estimate hits ₹530 crore

₹530 crore daily

ICRA’s estimate reflects negative marketing margins on petrol and diesel.

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CRUDE COST

Imported crude climbed sharply

$117.4 per barrel

The Indian crude basket reached this level on 21 Sep 2026, according to ICRA.

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WHO IS AFFECTED

Drivers see stable rates for now

The report is a margin warning, not confirmation of an immediate petrol or diesel hike.

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What should motorists watch?

Track local pump prices, crude trends and any official retail-rate revision.

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Get the full breakdown

Sources, numbers and what to watch next.

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Read: ICRA estimates ₹530 crore daily OMC loss as crude rises