India Raises Fuel Prices Again Amid Global Oil Surge

NEW DELHI: (Web Desk) – India on Tuesday announced another increase in petrol and diesel prices across the country’s major metro cities according to Indian media reports. The latest hike comes only days after fuel prices were raised by Rs3 per litre due to rising international crude oil costs.

In Delhi petrol prices went up by 87 paisa reaching Rs98.64 per litre while diesel prices climbed 91 paisa to Rs91.58 per litre.

Kolkata recorded the sharpest increase in petrol prices among the metro cities with rates rising by 96 paisa to Rs109.70 per litre. In Mumbai petrol became costlier by 91 paisa taking the rate to Rs107.59 per litre while Chennai saw an 82 paisa increase pushing prices to Rs104.49 per litre.

Diesel prices also witnessed fresh revisions nationwide. Kolkata and Mumbai both saw diesel prices increase by 94 paisa reaching Rs96.07 per litre and Rs94.08 per litre respectively. In Chennai diesel prices rose by 86 paisa to Rs96.11 per litre.

This marks the second fuel price revision within a few days after the government earlier raised petrol and diesel rates by Rs3 per litre on Friday.

Oil Prices Surge Amid Rising Gulf Security Tensions

The fresh hikes come as global oil markets remain unstable due to increasing tensions in West Asia particularly the ongoing conflict involving the United States Israel and Iran. Reports stated that Brent crude oil prices crossed USD100 per barrel amid fears of supply disruptions.

Alongside petrol and diesel compressed natural gas prices were also increased in the Delhi NCR region on Sunday. CNG prices rose by Rs1 per kilogram marking the second hike within two days. Following the revision CNG now costs Rs80.09 per kg in Delhi and Rs88.70 per kg in Noida and Ghaziabad.

Indian Minister Kiren Rijiju defended the government’s decision saying India had managed to shield consumers from steeper fuel hikes seen in several countries affected by the West Asia crisis.

Speaking to ANI he stated that many nations experienced fuel price increases ranging from 20 percent to nearly 100 percent while India limited the rise to 3.2 percent for petrol and 3.4 percent for diesel. He also praised Prime Minister Narendra Modi for maintaining economic stability while protecting public welfare during the ongoing global energy uncertainty.