Indian oil marketing companies increased petrol prices by 87 paise per litre and diesel prices by 91 paise per litre on Saturday [1, 2].
These adjustments impact transportation and logistics costs across the country. Because fuel is a primary input for the movement of goods, frequent price volatility can lead to increased inflation for consumer products.
The price changes were implemented under the direction of the Ministry of Petroleum and Natural Gas [1, 3]. Oil companies revised the rates in response to rising global crude oil prices [1, 3]. This marks the third fuel-price hike in less than 10 days [7].
In Delhi, the price of petrol rose to ₹99.51 per litre [4]. The price of diesel in the capital city reached ₹92.49 per litre [4]. Other major metropolitan areas, including Mumbai and Bengaluru, also saw updated rates [2, 7].
Reports on the exact diesel increase varied slightly across sources. While Business Standard said there was a 91 paise increase [1], other reports said the hike ranged up to 94 paise across various metros [3].
NDTV Profit said that petrol prices moved from ₹97.77 to ₹98.64 [5], while diesel rose from ₹90.67 to ₹91.58 [6]. The price revisions follow a trend of volatility in the international energy market, a factor that continues to pressure Indian retail fuel costs.
“Petrol prices increased by 87 paise per litre and diesel prices increased by 91 paise per litre”
The frequency of these price hikes—three in less than 10 days—indicates that Indian oil marketing companies are passing global crude volatility directly to consumers. This suggests a lack of government cushioning against international price spikes, which may increase the cost of living as transport operators pass these expenses to the end user.
