Petrol, Diesel Prices Hiked by Over Rs 3 Per Litre
The latest increase comes as crude oil prices climbed to nearly $107 per barrel, putting pressure on OMCs due to rising input costs and supply concerns linked to the ongoing geopolitical crisis.
Fuel Prices Rise in Delhi, Mumbai and Other Metro Cities
In New Delhi, petrol prices increased by Rs 3 to Rs 97.77 per litre, while diesel rates rose by the same amount to Rs 90.67 per litre.
Mumbai witnessed a hike of Rs 3.10 per litre in petrol prices, taking the rate to Rs 106.64 per litre. Diesel prices in the city climbed by Rs 3.11 to Rs 93.14 per litre.
Kolkata and Chennai also saw sharp increases, with petrol crossing Rs 108 per litre in Kolkata and diesel nearing Rs 95.50 per litre in Chennai.
Hyderabad Records Highest Petrol Price
Following the latest revision, Hyderabad became the city with the highest petrol price among major Indian cities. Petrol there now costs Rs 110.89 per litre after a Rs 3.39 hike.
Thiruvananthapuram followed closely, with petrol prices reaching Rs 110.75 per litre. Jaipur, Patna and Kolkata also recorded petrol prices above Rs 108 per litre.
Thiruvananthapuram Has Costliest Diesel
Diesel prices were highest in Thiruvananthapuram, where rates touched Rs 99.63 per litre after a Rs 3.37 increase.
Hyderabad recorded the second-highest diesel price at Rs 98.96 per litre, while Bhubaneswar and Chennai also saw diesel prices above Rs 95 per litre.
Chandigarh Remains Cheapest for Fuel
Despite the nationwide hike, Chandigarh continued to offer the cheapest petrol and diesel rates among major cities. Petrol there was priced at Rs 97.27 per litre, while diesel stood at Rs 85.25 per litre.
Lucknow and Noida also remained relatively affordable compared to other metro cities, with petrol prices staying below Rs 99 per litre.
Why Fuel Prices Are Increasing
The sharp rise in fuel prices is primarily linked to increasing global crude oil prices and supply disruptions caused by the ongoing West Asia conflict. Rising import costs have significantly impacted Indian oil marketing companies, prompting the latest retail price revision.
Industry experts believe fuel prices may remain elevated if geopolitical tensions continue and crude oil prices stay above the $100-per-barrel mark.
