petrol price

Petrol and diesel prices saw a significant increase of 87-91 paise per litre on Saturday, marking a cumulative rise of nearly Rs 5 in under 10 days. This hike by state-owned oil companies reflects rising international crude prices, tightening refining margins, and a weaker rupee, which have escalated import costs.

Fuel prices have risen sharply, adding to household expenses and transportation costs. This surge, driven by global events, is straining supply chains and impacting everyday goods. Oil marketing companies are seeing stock gains. The government faces a balancing act between consumer relief and revenue. The economic outlook remains a focus amidst these challenges.

Fuel prices in Mumbai saw a significant jump on Monday, with petrol increasing by Rs 2.72 to Rs 111.21 and diesel by Rs 2.81 to Rs 97.83. This marks an approximate Rs 8 surge in just 11 days. The escalating diesel costs, alongside reported fuel shortages elsewhere, are causing considerable worry for the transport and logistics industry.

Fuel prices saw another increase today. Petrol and diesel costs rose by less than one rupee per litre. This is the third price hike this month. The government aims to cover losses from higher crude oil prices. Global crude oil rates have climbed due to the Iran conflict. Consumers are facing rising fuel expenses again.

CNG prices in Delhi have seen their fourth hike in under 15 days, increasing by Rs 2 per kg. This follows recent increases in petrol and diesel rates, with Delhi petrol crossing Rs 100 per litre. These consecutive hikes are expected to raise transport costs and potentially impact inflation.

Lucknow commuters face rising fuel costs as petrol and diesel prices have increased for the third time in ten days. Petrol now stands at Rs 99.28 per litre and diesel at Rs 92.64 per litre. These repeated hikes have pushed retail prices up by nearly Rs 5 in just over a week.

The successive hikes come after an extended period during which retail fuel prices remained unchanged, despite higher global crude prices, shrinking refining margins, and weakness in the rupee significantly increasing import costs.

Escalating tensions in the Strait of Hormuz have triggered a surge in US fuel prices, pushing inflation to a three-year high and eroding wage gains. While the US economy has shown resilience with steady consumer spending and job growth, persistent inflation threatens household budgets and consumer sentiment, with higher bond yields signaling deeper economic worries.

Fuel prices in Lucknow have surged for the fifth time since mid-May, with petrol now costing Rs 101.89 per litre and diesel Rs 95.36. This cumulative increase of over Rs 7 in both fuels is impacting transportation and household budgets across all 75 districts of Uttar Pradesh. Consumers are feeling the pinch of these repeated hikes.

Fuel prices have seen another significant jump, with petrol and diesel costs rising by Rs 2.61 and Rs 2.71 per litre respectively. This marks the fourth increase in under two weeks, pushing cumulative hikes close to Rs 7.5 per litre. Consumers face mounting pressure as import costs climb due to global crude oil prices and a weaker rupee.

At the current Delhi petrol prices of approximately Rs 102.12 per litre, monthly fuel expenditure comes to around Rs 19,000. Before the latest revisions, the same usage would have resulted in a fuel bill of roughly Rs 17,500-18,000. Although fuel prices may not immediately influence purchase decisions in the luxury segment, repeated hikes are steadily increasing overall running costs

Indraprastha Gas Limited (IGL) has announced another Re 1 per kg hike in CNG prices, marking the fourth increase in under two weeks. This brings Delhi's CNG rate to Rs 80.09 per kg.

Fuel prices have seen another surge, with petrol and diesel rates climbing by approximately 90 paise per litre on Tuesday. This marks the second increase in less than a week, pushing petrol prices in Delhi to Rs 98.64 and diesel to Rs 91.58.

Gig workers in Ranchi are facing a severe income crisis as fuel prices surge for the fourth time in 11 days. With petrol now at Rs 105.75 per litre, their earnings have plummeted, leaving them with minimal profit after operational costs. Demands for compensation adjustments and worker status are growing as livelihoods become unsustainable.

Fuel prices have seen their second hike in less than a week, with petrol and diesel increasing by approximately 90 paise per litre. This follows a nearly four-year freeze by state-run oil companies, with prices now reaching their highest levels since May 2022. Opposition parties allege the freeze was timed to end after state elections.

Economists say that if the situation does not improve in the coming days, then more hikes may be in the offing. However, the approach of gradual hikes in petrol and diesel prices is to avoid an immediate inflation shock to the economy.

In Patna, gig workers are navigating a turbulent sea of survival, grappling with relentless petrol price increases that devour their already limited incomes. With no raises from their platforms, the escalating costs of fuel and food are now swallowing up to half of their daily take-home pay.