Fuel costs climb again: Petrol up Rs 0.87, diesel Rs 0.91 nationwide
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New Delhi: Petrol and diesel prices were raised again across India on Saturday, marking the third retail fuel revision in just 10 days.
State owned oil marketing companies increased petrol by Rs 0.87 per litre and diesel by Rs 0.91 per litre, citing sustained pressure from rising global crude prices and geopolitical tensions in West Asia that continue to affect international energy markets.
In the national capital, petrol rose from Rs 98.64 to Rs 99.51 per litre, while diesel climbed from Rs 91.58 to Rs 92.49 per litre, PTI reported. The uniform revision applies nationwide and has pushed prices higher in major cities.
In Kolkata, petrol now costs Rs 110.64 per litre and diesel Rs 97.02 per litre. In Mumbai, petrol has increased to Rs 108.49 per litre and diesel to Rs 95.02 per litre.
The repeated increases have heightened concerns among daily commuters, transport operators and businesses already facing rising operating costs. Experts warn that further fuel price rises could cascade through the economy, raising transportation and logistics costs and adding inflationary pressure to essential goods and services.
The price change follows a sharper revision on May 16, when petrol and diesel rates rose by about Rs 3 per litre in several cities after adjustments by state run oil firms.
A day before the latest hike, the Ministry of Petroleum and Natural Gas said India has adequate petrol and diesel supplies. The ministry urged the public to avoid panic buying and unnecessary crowding at fuel stations, saying availability remains stable and any temporary pressure at select outlets is being addressed through monitoring and coordinated distribution by oil marketing companies.
Government officials said the revisions are necessary to offset higher import costs and to maintain supply stability amid volatile crude markets and geopolitical uncertainty.
(Inputs from IANS)