New Delhi, March 11 -- Paint prices in India could increase by 2 to 5 per cent in April if crude oil prices continue to remain at current high levels, according to a report by Systematix Research.

The report noted that dealers expect paint companies to raise product prices next month if crude prices sustain at elevated levels. However, companies have not yet indicated any price hikes and may wait for further clarity on crude oil movements and cost pressures.

"If crude sustains at current high levels, most dealers expect product price hikes of 2-5% in April (more if crude climbs to higher levels for a longer period)," the report said.

Dealers highlighted that paint companies have not announced any price increases so far. Companies are l...