Centre Says It 'Can't Predict' Next Fuel Price Hike As Oil Firms Continue To Suffer Losses

Key points

• Centre Says It 'Can't Predict' Next Fuel Price Hike As Oil Firms Continue To Suffer Losses Published By, Last Updated: May 18, 2026, 17:03 IST Centre assured India currently has adequate stocks of petrol, diesel, LPG and natural gas, and urged people not to panic buy.
• Oil marketing companies continue to face mounting financial pressure due to rising global crude prices.
• The Centre on Monday said it cannot predict when the next fuel price revision will take place, even as state-run oil marketing companies continue to face mounting financial pressure due to rising global crude prices linked to the ongoing war in West Asia.
• Speaking at an inter-ministerial briefing on the developments in West Asia, Sujata Sharma, Joint Secretary at the Ministry of Petroleum and Natural Gas, said the government was closely monitoring the situation but remained non-committal on any further hike in petrol and diesel prices.
• Adequate stocks of...