Tag: Petrol

Categories
Beyond

Petrol at ₹96.72, diesel ₹89.62 after fresh hike

Petrol and diesel prices increased again on Monday, with fuel rates being raised by ₹2 per litre across the country. The latest revision marks the fourth increase within the last 10 days, continuing an upward trend in fuel costs and raising concerns over its impact on transportation expenses and household budgets.

Following the latest hike, petrol prices in Delhi rose to ₹96.72 per litre, while diesel climbed to ₹89.62 per litre. Similar increases were recorded across major cities including Mumbai, Chennai, Bengaluru and Kolkata, although final retail prices vary from state to state because of local taxes and value-added tax (VAT) rates.

The repeated increase in fuel prices over the last two weeks has drawn attention as it is likely to affect both consumers and businesses. Fuel prices play a direct role in determining transportation and logistics costs, and a sustained rise can have a wider impact on the economy. Increased transportation expenses often lead to higher prices of essential goods and services, eventually affecting household spending.

For daily commuters, the latest hike means additional expenditure on travel. Commercial vehicle operators, taxi services and logistics firms may also face rising operating costs due to higher fuel bills. Industry experts believe sectors that depend heavily on transportation could feel the impact if prices continue to move upward.

The continued rise in fuel prices has also sparked concerns about inflation. Higher fuel costs can contribute to increased prices across multiple sectors because transportation remains a major component in the supply chain.

With four fuel price hikes already recorded in just 10 days, market observers and consumers will now closely watch future revisions to see whether prices stabilise or continue their upward movement in the coming weeks.

Also Read: Gold dips to ₹1.59 lakh, Silver falls to ₹2.84 lakh

Categories
Beyond

Petrol, diesel up by 90 paise again

The fuel prices have gone up once again across the country, with petrol and diesel becoming costlier by nearly 90 paise per litre on Tuesday. The increase comes less than a week after a previous hike, making this the second revision in a short span and raising concerns among consumers and businesses.

With the latest increase, people in major cities will now have to pay more at fuel stations. In Delhi, petrol prices have crossed ₹98 per litre, while diesel prices have also moved higher. Similar increases were seen in cities including Mumbai, Kolkata and Chennai.

The fresh revision is expected to have an impact beyond vehicle owners. Fuel prices play a key role in the overall economy, and any increase usually affects transportation and logistics costs. Over time, this can lead to higher prices for goods and services, as businesses may pass on additional expenses to consumers.

For many households, repeated fuel price hikes can put added pressure on monthly budgets. Daily commuters, transport operators and businesses that depend heavily on road transport are likely to feel the effect more immediately. Rising fuel costs can also influence the prices of essential goods, including food and consumer products.

The latest increase comes at a time when oil companies are dealing with pressure linked to global crude oil prices and market conditions. International developments and changes in crude prices often influence domestic fuel pricing decisions.

It is expected that the fuel prices will continue to depend largely on global oil trends and international developments in the coming weeks. Consumers and businesses are now watching closely to see whether prices stabilise or if further revisions follow.

Also Read: Gold slips to ₹1,56,210, Silver climbs to ₹2.9 lakh

Categories
Beyond

Petrol, diesel up by ₹3, CNG prices by ₹2

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.

Also Read: Gold near ₹1 lakh and silver at ₹97,000

Categories
Beyond

Premium petrol climbs to ₹160/litre

Fuel prices in India have seen a noticeable spike, with premium petrol now costing as much as ₹160 per litre in Delhi. The increase comes at a time when global oil markets are under pressure due to rising tensions in West Asia, affecting supply and pushing prices higher.

Indian Oil Corporation recently raised the price of its high-performance XP100 petrol by ₹11 per litre, taking it from ₹149 to ₹160. This type of fuel is mainly used in luxury cars and high-end motorcycles, so the impact will be felt most by niche consumers rather than the general public.

At the same time, jet fuel prices have seen an even sharper rise. Aviation turbine fuel (ATF), which airlines rely on heavily, briefly crossed ₹2 lakh per kilolitre, a record high. Although prices were later adjusted to around ₹1.04 lakh per kilolitre for domestic carriers, the cost remains significantly elevated.

This surge is closely tied to global crude oil prices, which have risen amid fears of supply disruptions. Key oil-producing regions and important shipping routes are under strain due to ongoing geopolitical conflicts, making fuel more expensive worldwide.

For airlines, this is a major concern. Fuel typically makes up a large share of their operating costs, sometimes as much as 40–45%. With such a sharp increase in ATF prices, airlines may have little choice but to raise ticket prices or cut back on certain routes to manage expenses.

Also Read: Commercial LPG gets costlier by ₹195.5

 

 

 

 

 

 

 

 

 

 

Categories
Beyond

Petrol duty reduced to ₹3, diesel to zero

The central government on March 27, 2026, announced a major cut in excise duty on petrol and diesel to reduce the impact of rising global oil prices. The duty on petrol has been reduced from ₹13 to ₹3 per litre, while diesel duty has been cut from ₹10 to zero, effectively lowering taxes by ₹10 per litre on both fuels.

This move comes as crude oil prices have surged due to ongoing tensions in the Middle East. Supply concerns, especially around key oil routes, have pushed prices above $100 per barrel. As India depends heavily on oil imports, this has increased pressure on fuel prices and the overall economy.

The government said the decision was taken to protect consumers from a sharp rise in petrol and diesel prices. By reducing taxes, it aims to absorb part of the global price increase instead of passing the entire burden onto the public.

However, the benefit may not be immediately visible at petrol pumps. Oil marketing companies like Indian Oil, BPCL, and HPCL are currently facing losses because they have not fully raised fuel prices in line with global crude rates. Industry experts believe these companies may use the tax relief to recover losses before lowering retail prices.

Crude oil prices have seen a steep rise in recent weeks, jumping from about $70 per barrel to over $100. This sudden increase has made fuel costlier to produce and sell, creating challenges for both companies and the government.

To manage the situation, the government has also introduced export duties on petroleum products. This step is meant to ensure enough fuel supply within the country and to control price fluctuations.

Also Read: Gold hits ₹1,44,540, Silver rises to ₹2,49,900

Categories
1 Minute-Read

Fuel panic affects cities due to temporary shortages

Long queues formed at petrol pumps in Gujarat and Hyderabad on Tuesday as several outlets ran out of regular petrol, forcing motorists to buy premium fuel priced about ₹10 higher per litre. The rush was triggered by rumours of shortages on social media, not by actual supply issues.

Authorities, including the Gujarat government and oil companies, assured that fuel stocks at depots and terminals are sufficient. Officials blamed panic buying, delivery delays, and new payment rules for retailers for temporary gaps. Police monitored stations to manage crowds and urged motorists to avoid hoarding.

Categories
1 Minute-Read

No immediate rise in petrol, diesel prices

The government has decided not to raise petrol and diesel prices immediately, even though global crude oil prices have crossed $100 per barrel. Officials said the situation in international oil markets is being closely monitored before any decision on fuel price changes is taken.

For now, oil marketing companies are likely to absorb the higher cost of crude instead of passing it on to consumers. The rise in global oil prices has mainly been driven by geopolitical tensions in West Asia, which have increased concerns over supply disruptions.

Authorities also said that India currently has enough fuel stocks, ensuring stable supply across the country.