India's OMCs Recover Losses, But No Petrol Price Drop

Despite the US-Iran peace deal lowering crude prices and easing oil firms' losses, Indian consumers may not see immediate fuel price cuts. Experts say companies will prioritise rebuilding finances after absorbing heavy losses during the war. Petrol and diesel saw hikes of over ₹7 per litre in May, while LPG rose ₹29. Relief may take 3-6 months as supplies stabilise.