Petrol and diesel prices were increased again across India on Tuesday, with rates going up by around 90 paise per litre, marking the second fuel price hike within a week.
The latest revision comes amid rising global crude oil prices and supply concerns linked to tensions in West Asia and disruptions around the Strait of Hormuz.
In Delhi, petrol prices rose to ₹98.64 per litre while diesel climbed to ₹91.58 per litre. Mumbai recorded petrol prices above ₹107 per litre, while Kolkata saw rates cross ₹109 per litre. This follows a ₹3 per litre increase announced ear Petrol and diesel prices were increased again across India on Tuesday, with rates going up by around 90 paise per litre, marking the second fuel price hike within a week.
The latest revision comes amid rising global crude oil prices and supply concerns linked to tensions in West Asia and disruptions around the Strait of Hormuz. In Delhi, petrol prices rose to ₹98.64 per litre while diesel climbed to ₹91.58 per litre. Mumbai recorded petrol prices above ₹107 per litre, while Kolkata saw rates cross ₹109 per litre.
This follows a ₹3 per litre increase announced earlier this week — the first major fuel hike in nearly four years. Oil marketing companies are reportedly facing heavy under-recoveries due to elevated international crude prices.
Government officials have maintained that there is no shortage of fuel supplies in the country despite growing geopolitical tensions in the Gulf region. The repeated hikes have raised concerns over inflation and transportation costs, with opposition parties targeting the Centre over the increasing burden on consumers.
lier this week — the first major fuel hike in nearly four years. Oil marketing companies are reportedly facing heavy under-recoveries due to elevated international crude prices. Government officials have maintained that there is no shortage of fuel supplies in the country despite growing geopolitical tensions in the Gulf region.
The repeated hikes have raised concerns over inflation and transportation costs, with opposition parties targeting the Centre over the increasing burden on consumers.
