diesel rates

Petrol and diesel prices saw a significant increase of 87-91 paise per litre on Saturday, marking a cumulative rise of nearly Rs 5 in under 10 days. This hike by state-owned oil companies reflects rising international crude prices, tightening refining margins, and a weaker rupee, which have escalated import costs.

Fuel prices surged again Tuesday, with petrol and diesel rising by approximately 90 paise per litre, marking the second increase in under a week. This follows a significant Rs 3 per litre hike last Friday. Despite global crude oil price jumps and ongoing Middle East tensions impacting import costs, officials assure adequate fuel reserves and normal refinery operations.

Fuel prices have seen another surge, with petrol and diesel rates climbing by approximately 90 paise per litre on Tuesday. This marks the second increase in less than a week, pushing petrol prices in Delhi to Rs 98.64 and diesel to Rs 91.58.

Economists say that if the situation does not improve in the coming days, then more hikes may be in the offing. However, the approach of gradual hikes in petrol and diesel prices is to avoid an immediate inflation shock to the economy.

The government on Friday raised petrol and diesel prices by Rs 3 per litre nationwide. In Delhi, petrol prices increased from Rs 94.77 to Rs 97.77 per litre, while diesel rates moved up from Rs 87.67 to Rs 90.67 per litre.

Fuel prices have seen their second hike in less than a week, with petrol and diesel increasing by approximately 90 paise per litre. This follows a nearly four-year freeze by state-run oil companies, with prices now reaching their highest levels since May 2022. Opposition parties allege the freeze was timed to end after state elections.

Lesser availability, higher demand also affect prices this summer

Lucknow commuters face rising fuel costs as petrol and diesel prices have increased for the third time in ten days. Petrol now stands at Rs 99.28 per litre and diesel at Rs 92.64 per litre. These repeated hikes have pushed retail prices up by nearly Rs 5 in just over a week.

CNG prices have seen a third hike in under ten days, now costing Rs 81.09 per kg in Delhi. This follows recent increases in petrol and diesel prices, driven by surging global crude oil costs due to Middle East tensions. Transport operators are protesting, demanding fare revisions and a rollback of fuel surcharges.