Petrol now retails at Rs 102.12 per liter in Delhi, following a cumulative value hike of round Rs 7.50 per liter since mid-Might on account of hovering world oil costs. The most recent value hike (improve of ₹2.61 per liter) will come into impact on Might 25, 2026 and costs will stay steady at this stage in New Delhi on Might 27, 2026. Picture credit score: Sushi Kumar Verma
The federal government stated on Wednesday (Might 27, 2026) that public sector oil advertising corporations (OMCs) are absorbing losses of almost Rs 550 crore a day by not passing on the complete impression of rising worldwide crude oil costs to retail shoppers amid the turmoil triggered by the West Asian battle.
The problem got here to the fore through the sixth assembly of the Casual Ministerial Group on West Asia (IGoM), chaired by Protection Minister Rajnath Singh at Kartaviya Bhawan 2 in New Delhi.
The federal government stated OMCs have been absorbing losses to guard retail shoppers from fluctuations in world power markets.
The company additionally expressed concern about industrial customers allegedly diverting purchases to retailers to reap the benefits of protected gasoline costs.
The authorities pointed to circumstances of underground advertising by some sellers and urged the ministry, oil corporations and state governments to step up crackdowns.
“Industrial shoppers who divert their purchases from industrial channels to retail pumps are acquiring this cushion on the expense of most people. In addition they focus demand on the pumps, creating localized shortages that will not in any other case exist,” a authorities assertion stated.
The federal government stated the nation’s non-public OMCs noticed diesel gross sales fall by about 38% final month from each retail and bulk shoppers on account of value hikes.
Due to this fact, demand has shifted to comparatively decrease priced public sector OMCs. Furthermore, the majority consumption of PSUs has additionally declined by about 29% because of the shift to stores, in line with the federal government. By the way, the value distinction between bulk diesel and retail diesel is round ₹40 per litre.
Protection Minister urges individuals to chorus from panic shopping for
In a publish on X after the assembly, Singh stated the home provide state of affairs was regular and urged individuals to not bask in panic shopping for of petrol, diesel and LPG cylinders.
The federal government burdened that India’s gasoline provide place stays safe regardless of the worldwide turmoil. India at the moment has put in refining capability of 258.1 million tonnes each year (MTPA) in comparison with home consumption of 243.2 million tonnes within the final fiscal 12 months. The nation additionally exports roughly 61.5 million tons of petroleum merchandise yearly, indicating that there isn’t any provide hole.
