The latest petrol diesel price hike has pushed fuel prices above the Rs 100 mark in Delhi, adding fresh pressure on households already struggling with inflation. Fuel rates were revised for the fourth time in just 11 days as global oil markets remain affected by the ongoing Iran war. The repeated petrol diesel price hike is now impacting both commuters and the prices of essential goods across India.
On Monday, petrol prices in Delhi increased by Rs 2.61 per litre, taking the rate to Rs 102.12 per litre. Diesel prices were also raised by Rs 2.71, bringing the new price to Rs 95.20 per litre in the national capital.
The rise in diesel prices is expected to affect transportation and logistics costs across the country. As a result, consumers may soon witness another increase in prices of daily essentials such as milk, bread, vegetables, and packaged food items. Experts believe the latest petrol diesel price hike could further impact household budgets in the coming weeks.
Fuel prices have also increased in other major cities. Diesel in Kolkata now costs Rs 99.82 per litre after a Rs 2.80 hike. Mumbai recorded diesel prices at Rs 97.83 per litre following an increase of Rs 2.81. In Chennai, diesel prices rose by Rs 2.57 to reach Rs 99.55 per litre.
The previous fuel revision took place on May 23 when petrol prices were increased by 87 paise and diesel by 91 paise. CNG prices in Delhi also went up by Re 1 per kg to Rs 81.09. The continuous petrol diesel price hike comes as tensions in the Middle East continue to disrupt global crude oil supply chains.
The Strait of Hormuz, a key oil transit route, remains under pressure due to the Iran conflict. This has significantly affected crude oil movement worldwide. Interestingly, the latest petrol diesel price hike was announced on the same day Brent Crude prices fell by more than 5 percent and slipped below $100 per barrel for the first time this month.
FAQs
Q: Why is the petrol diesel price hike happening in India?
A: Fuel prices are increasing due to global crude oil supply disruptions caused by the ongoing Iran war.
Q: How much did petrol prices increase in Delhi?
A: Petrol prices in Delhi increased by Rs 2.61 per litre, crossing the Rs 100 mark.
Q: Will the petrol diesel price hike affect daily expenses?
A: Yes, higher diesel costs can increase transportation charges and raise prices of essential goods.
Q: How many times have fuel prices increased recently?
A: This is the fourth petrol diesel price hike in the last 11 days.
