New Delhi, Oct. 2 -- Kotak Institutional Equities has raised its crude oil price assumption for FY2027 to USD 90 per barrel from USD 85, citing prolonged supply disruption and elevated oil price volatility, while saying Indian oil marketing companies (OMCs) have enough cushion to absorb short-term price spikes, according to its latest report.

"Driven by higher prices so far, we raise FY2027E oil price assumption to US$90/bbl (from US$85/bbl)," the report said.

The report said the West Asia conflict and the resulting disruption have persisted for seven months with no clear visibility on normalisation. It has retained its crude price assumption at USD 75 per barrel for FY2028 and the long term.

"The West Asia conflict and the resulting l...