Standstill period in retail auto fuel prices may impact performance of OMCs

From 2011, the Centre instead brought the costs upfront as explicit petroleum subsidies shown in the Budget

If it stretches beyond this week, the standstill in domestic retail prices of petrol (Rs 96.72) and diesel (Rs 89.62) since May 22 this year may become the longest one in a decade. As the chart shows, it is already inching closer to the previous standstill record between December last year and March this year. That one lasted 109 days and the current one is already there.

Unchanged fuel prices play a big part in softening inflation. Globally, the patience of citizens with rising energy prices is on a short fuse. In Indonesia, there are massive protests this week, while