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Diesel margins at ₹14, fertiliser subsidy may cross ₹2.2 lakh cr
Financial Express Lucknow
|April 30, 2026
PETROL AND DIESEL margins have plunged to ₹14/litre and ₹18/litre, while fertiliser subsidy is set to surge to ₹2.05-2.25 lakh crore, as crude prices remain elevated at $120-125 per barrel amid the West Asia crisis, triggering a broad-based stress cycle across India’s downstream sectors, Icra said.
The sharp deterioration across key indicators reflects mounting pressure on oil marketing companies (OMCs), which continue to absorb rising input costs even as retail fuel prices remain largely unchanged.
The supply shock has been driven by disruptions in the Strait of Hormuz, through which nearly 25% of global oil trade (around 20 million barrels per day) and 20% of global LNG flows pass, tightening supplies and pushing up prices across global energy markets.
Diese Geschichte stammt aus der April 30, 2026-Ausgabe von Financial Express Lucknow.
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