Fuel prices surge across India after four-year hiatus. Indian oil marketing companies raised petrol and diesel by three rupees per litre on Friday, pushing prices to their highest levels since May 2022. Delhi petrol now costs 97.77 rupees per litre, up from 94.77, while diesel jumped to 90.67 from 87.67. The hike follows global crude oil prices exceeding one hundred dollars per barrel due to geopolitical tensions in the Middle East. CNG prices also increased by two rupees per kilogram in major cities. Analysts warn consumers should prepare for additional increases of two to four rupees per litre if crude oil prices remain elevated. Public-sector refiners are reportedly seeking price adjustments of fifteen to twenty rupees per litre to offset substantial losses on fuel sales, with some losing approximately one hundred rupees per litre on diesel.
Post from MarketNews_en
Log in to interact with content.