Petrol, diesel and CNG prices were increased across India on Friday following a sharp rise in global crude oil prices amid escalating tensions involving Iran. The fuel price revision comes as international energy markets remain volatile due to fears of supply disruptions in West Asia.
Oil marketing companies increased petrol and diesel prices by around ₹3 per litre in major cities, while CNG prices were raised by ₹2 per kilogram. The revised rates came into effect early Friday morning and impacted fuel prices in Delhi, Mumbai, Chennai, Kolkata and several other cities.
In Delhi, petrol prices crossed ₹108 per litre while diesel moved above ₹97 per litre after the latest revision. Similar increases were recorded in other metropolitan cities depending on local taxes and transportation charges.
Officials said the hike was driven by rising global crude oil prices and increased import costs. International markets have witnessed sharp fluctuations in recent days following concerns that tensions involving Iran could affect oil production and shipping routes in the region.
India imports a large portion of its crude oil requirements, making domestic fuel prices highly sensitive to developments in global energy markets. Analysts said any prolonged geopolitical conflict in West Asia could keep crude prices elevated and increase pressure on Indian fuel retailers.
The increase in CNG prices is also expected to impact public transport services, commercial vehicles and auto-rickshaw operations in urban areas. Transport operators warned that higher fuel costs may lead to an increase in freight rates and passenger fares in the coming weeks.
The latest revision has triggered criticism from opposition parties, which accused the Centre of adding to the financial burden on common people already affected by inflation and rising living expenses. Several leaders demanded tax reductions and immediate relief measures to control fuel prices.
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