Corporate India is bracing for another round of inflation-led stress after the government’s latest increase in petrol and diesel prices, a move executives say will raise freight and logistics costs across sectors already grappling with elevated packaging expenses triggered by the Iran war. Top executives in fast-moving consumer goods (FMCG), automobiles, consumer durables and paints told FE that the latest fuel price revision could force companies to undertake fresh price hikes in June-July, even as urban demand remains uneven and rural recovery fragile. The concern is that a second wave of inflation—coming after earlier increases in crude-linked inputs such as packaging materials, chemicals and derivatives—may weaken discretionary spending in FY27.