Fuel price hike pressures delivery platforms. Rising fuel costs threaten food delivery and quick commerce economics. A recent ₹4 per litre fuel price increase has raised concerns about cost pressures for platforms like Eternal and Swiggy. Elara Capital estimates current fuel hikes create a ₹0.44 per order negative impact, with fuel comprising roughly 20 percent of delivery costs. In a worst-case scenario where fuel prices spike another ₹10 per litre, the impact could balloon to ₹1-1.2 per order, translating to a 4-5 percent hit on Eternal's FY27 EBITDA and 10-12 percent for Swiggy. The pressure is more acute for Swiggy, still pursuing contribution break-even in quick commerce, while Eternal maintains stronger operational footing through greater scale advantages.
