petrol price

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.

India has kept its petrol and diesel prices unchanged for four years now - ever since the Russia-Ukraine conflict. But the rising global oil prices, past the $100 per barrel mark has made the math unsustainable for oil marketing companies.

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.

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.

In Patna, gig workers are navigating a turbulent sea of survival, grappling with relentless petrol price increases that devour their already limited incomes. With no raises from their platforms, the escalating costs of fuel and food are now swallowing up to half of their daily take-home pay.

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 saw a Rs 3 per litre increase on Friday. This move follows significant losses for state-run oil companies due to soaring global crude oil prices. The conflict in West Asia disrupted key shipping routes, pushing up import costs for India. This price adjustment comes after a period of frozen rates, impacting transportation and other sectors.

Fuel prices have surged across India, with petrol now exceeding Rs 110 per litre in several states and diesel nearing Rs 100 in many regions. This hike, averaging Rs 3 per litre, follows sustained pressure from elevated global crude oil prices, exacerbated by the West Asia crisis.

Petrol Breaches 100 Mark, Diesel Stands At 92.5 In City

Fuel prices in Bengaluru have seen a significant increase, with petrol now costing Rs 106.17 per litre and diesel at Rs 94.10 per litre. This hike, attributed to sustained high global crude oil prices and geopolitical tensions, also affects XP95 petrol and CNG. Private outlets like Shell continue to have higher rates.

In response to rising panic at petrol stations, Ajay Nath Jha, Bokaro's Deputy Commissioner, has directed local officials to keep a close watch on social media to combat the spread of misinformation. Representatives from oil companies have stepped forward, confirming that all 132 fuel outlets in the district are well-stocked, reassuring citizens and promoting a steady supply of petrol.

Fuel prices have risen by Rs 3 per litre for petrol, diesel, and CNG. This hike follows a surge in global crude oil prices driven by Middle East tensions. After nearly four years of stable rates, oil companies faced significant daily losses. Consumers will now see increased costs for everyday transport and household fuel.

Rahul Gandhi criticized Prime Minister Narendra Modi's advice to cut fuel use and avoid gold purchases, accusing him of burdening common citizens while undertaking expensive foreign trips. Gandhi alleged that inflation and economic distress will worsen, with industrialists benefiting from rising fuel prices and the country heading towards a major economic crisis.

Britain is recalibrating its approach to Russian oil imports by introducing restrictions on refined products at a measured pace. This strategy, driven by escalating energy market volatility linked to conflicts in the Middle East and climbing fuel prices, seeks to mitigate the risk of abrupt supply shortages.

You Are Paying Over Rs 20,000 A Year In State Petrol Taxes

Congress workers protested rising fuel and milk prices, with leaders arriving by bullock cart to highlight inflation's impact. Delhi Congress president Devendra Yadav criticized the government's handling of essential commodity costs, stating inflation has doubled since 2014. This demonstration follows a recent Rs 3 per litre hike in petrol and diesel prices across major cities.

The Centre has repeatedly asserted that there is no fuel shortage in the country and no plan to introduce rationing of petrol, diesel or LPG despite disruptions in global energy shipments linked to the Iran conflict and the Strait of Hormuz crisis.