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Oil Shock: Why OMCs need more fuel price hikes to offset losses as Brent surges to $111

Posted on May 18, 2026
By Financial Express
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1 min read

Oil Shock: Why OMCs need more fuel price hikes to offset losses as Brent surges to $111

Elara Capital expects further retail fuel price hikes if crude prices remain elevated as the recent Rs 3/litre petrol and diesel price hike may not be enough to offset mounting losses for oil marketing companies.- Know more.