New Delhi, May 24 -- A further hike in retail fuel prices may be unavoidable if current global energy disruptions continue, Raj Kumar Dubey, Director HR at Bharat Petroleum Corporation Ltd., said, outlining three options before policymakers as crude markets face sustained volatility.

"Now, there are two or three options open. One is the price hike, or the hike should be visible at the petrol pumps either there, or the petroleum companies take up the losses and make up more and more losses. And the third is the government funds through deficit financing," Dubey said.

He noted that global price hikes of 20% to 50% had initially been seen as temporary, but "the way things are panning out, I think this is going to continue."

Pointing to th...