In fiscal year 2026, the earnings of government-owned oil companies on petrol and diesel have increased to ₹11.2 and ₹8.1 per liter, respectively. Despite crude oil prices in the international market being below $70, general consumers have not received any relief in petrol and diesel prices. In cities like Delhi, Mumbai, and Kolkata, petrol and diesel prices remain between ₹90-105 per liter.
New Delhi: In fiscal year 2026, petroleum companies have seen a significant increase in their earnings per liter of petrol and diesel. According to reports, companies are receiving a marketing margin of ₹11.2 per liter on petrol and ₹8.1 per liter on diesel. While crude oil prices in the international market remain below $70 per barrel, the general public has not experienced any relief. In the capital, Delhi, the price of petrol is ₹94.77 and diesel is ₹87.67 per liter, while in Mumbai and Kolkata, these prices are close to ₹100 per liter.
Companies' Margin on One Liter of Petrol and Diesel
According to the fiscal year 2026 report, government-owned oil companies in the country are earning ₹11.2 per liter on petrol and ₹8.1 per liter on diesel. A significant factor in this earning is the decline in crude oil prices in the international market. Crude oil prices in the global market remain below $70 per barrel.
However, the general public has not benefited from this reduction. Petrol and diesel prices have remained stable for more than a year and a half. The last time petrol and diesel prices were reduced was in 2024, with a reduction of ₹2-3 per liter.
International Crude Oil Price
The price of Brent crude oil is currently $67.10 per barrel. It has fallen below $72 per barrel from the end of last month. Meanwhile, US crude oil is trading at $63.13 per barrel. This month, the price of US crude oil has seen a decline of about 9 percent.
Increase in Marketing Margin
According to Jefferies analyst Bhaskar Chakravarti, the margin of ₹11.2 and ₹8.1 per liter on petrol and diesel in fiscal year 2026 is significantly higher than the normal level. This increase has led to a surge in the profits of oil companies.
Despite crude oil prices remaining below $70 per barrel since March, there has been no reduction in petrol and diesel prices. OPEC+ plans to increase oil supply by 2.2 mbpd between April and September 2025, while the expected increase in demand is only 0.68 mbpd. In the fourth quarter, supply is likely to be 1.5 mbpd higher than demand.
Current Price of Petrol and Diesel in the Country
In the capital, Delhi, petrol is being sold at ₹94.77 and diesel at ₹87.67 per liter. In Kolkata, petrol is ₹105.41 and diesel is ₹92.02 per liter. In Mumbai, the price of petrol has reached ₹103.50 and diesel ₹90.03 per liter. In Chennai, petrol is being sold at ₹100.80 and diesel at ₹92.39 per liter.
Heavy Profits for Oil Companies Due to Increased Petrol-Diesel Prices
Recent data indicate that petrol and diesel prices are burdensome for the general public, but they are proving to be highly profitable for companies. Despite the decrease in crude oil prices in the international market, there has been no significant change in petrol and diesel prices. This directly implies that the profits of oil companies are increasing.
The increased margin on petrol and diesel in fiscal year 2026 has led to an increase in the earnings of oil companies. This also indicates that there is likely to be a continuous increase in the revenue of companies.
