Petrol and diesel losses keep price hikes in focus

India’s oil marketing companies may need further petrol and diesel price hikes if crude prices stay elevated. ICRA’s Prashant Vasisht told The Core that even after last week’s ₹3 increase, companies are losing about ₹500 crore a day at current crude prices. "Any further hikes are likely to be gradual rather than implemented all at once," he added.