India, May 25 -- India's fuel price cycle is back in focus. After four revisions in just 11 days, petrol and diesel prices have increased by more than Rs 7 per litre across several cities. Yet, according to market analysts, the pressure on oil marketing companies (OMCs) is far from over, and more calibrated hikes may still be on the cards.

Fuel Prices Up by Rs 7 in 11 Days State-run fuel retailers - Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited -have raised petrol and diesel prices in phases over the past 11 days. The hikes included increases of Rs 3.90 paise, 87 paise, and Rs 2.61 per litre. While these revisions have reduced immediate losses for OMCs, industry estimates sugge...