Fuel Shock Incoming? Petrol, Diesel Prices May Spike ₹28/Litre After Elections

Brief By CNBCTV18 / 10:12 PM on 22 Apr 2026

Petrol and diesel prices in India could surge by ₹25–28 per litre after ongoing Assembly elections, according to a report by Kotak Institutional Equities. Despite rising global crude due to Strait of Hormuz tensions, prices have remained steady, increasing pressure on refiners facing estimated monthly losses of around ₹27,000 crore, the report highlighted.