The Rs 3/litre hike in petrol and diesel prices could push retail inflation up by nearly 15 basis points in the short term, economists said. They expect more such price increases over the next few weeks, as oil marketing losses of oil marketing companies remained to be offset, and crude prices might remain elevated for longer periods. Some of them expect hikes up to Rs 10/litre including the instant one, in retail fuel prices over the next couple of months if crude oil prices remain high. Factoring this in, retail inflation could average 5% in FY27.