Fuel Prices

Petrol and diesel prices were increased by up to 91 paise per litre on Saturday, the third increase in less than 10 days. Petrol price has been increased by 87 paise in Delhi from Rs 98.64 to Rs 99.51 per litre. Diesel rates have gone up by 91 paise from Rs 91.58 to Rs 92.49. This is the third increase in rates since May 15, when state-owned oil companies started passing on the elevated energy prices arising from the West Asia conflict in a calibrated manner. Prices were hiked by Rs 3 a litre on May 15, followed by a 90 paise increase on May 19. In all, rates have gone up by almost Rs 5 per litre.

Prime Minister Narendra Modi chaired a marathon meeting of the council of ministers amid the West Asia conflict, rising fuel prices and concerns over foreign exchange reserves

From rising oil pressures and coal gasification to urban housing reform and RBI policy, today's BS Opinion explores the economic and structural challenges shaping India's future

Experts warn elevated crude prices, weak rupee and persistent under-recoveries could force tougher policy choices if the West Asia crisis drags on

State-run oil major says recent increase in retail fuel prices has eased pressure amid soaring crude prices and mounting under-recoveries

AIMTC has called a three-day suspension of commercial vehicle operations in Delhi-NCR over rising levies, fuel costs, and regulatory restrictions

Indian airlines urge oil refiners to delay ATF price hikes for domestic flights amid rising losses triggered by the West Asia conflict

Petrol now costs ₹98.64 a litre in the national capital, from earlier ₹97.77 a litre and diesel is priced higher at ₹91.58 per litre

The Union stated that taxi fares in Delhi-NCR have not been revised for nearly 15 years despite a steep rise in the prices of CNG, petrol and diesel, along with increased costs of vehicle maintenance

Petrol and diesel prices were increased by 90 paise per litre on Tuesday, the second increase in less than a week. Petrol price was hiked to Rs 98.64 a litre from Rs 97.77 per litre in the national capital. Diesel now costs Rs 91.58 a litre against Rs 90.67 previously, according to industry sources. This is the second increase in rates in less than a week. Prices were hiked by Rs 3 a litre on Friday. In Delhi, petrol now retails at Rs 98.64 per litre, up by 87 paise, while diesel is priced at Rs 91.58 per litre, higher by 91 paise. Mumbai saw petrol rise by 91 paise to Rs 107.59 per litre and diesel by 94 paise to Rs 94.08 per litre. Kolkata recorded the steepest hike in petrol at 96 paise to Rs 109.70 per litre, while diesel prices rose by 94 paise to Rs 96.07 per litre. In Chennai, petrol prices rose by 82 paise to Rs 104.49 per litre, and diesel by 86 paise to Rs 96.11 per litre.

Economies adjust to shocks through prices. The role of policymakers is not to suppress those signals

A Rs 3-per-litre increase in petrol and diesel prices has helped state-run oil marketing companies trim daily losses by nearly a quarter, reducing overall losses to around Rs 750 crore per day from Rs 1,000 crore, a senior oil ministry official said Monday. However, elevated global crude prices and a weak rupee continue to keep pump rates below cost-recovery levels. At a news briefing, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said a bailout package, in the form of a government subsidy to make up for losses state-owned oil companies are incurring on selling petrol, diesel and cooking gas LPG below cost, is "still not on the table". International oil prices rose sharply after the US-Israeli war against Iran triggered the largest-ever oil supply disruption. To keep the domestic market insulated, the state-owned oil companies continued to sell fuel at two-year-old rates till May 15, when prices of petrol and diesel were raised by Rs 3 per litre. The

The general concern over price increases is valid. The pressure of higher prices is the hardest on the poorest sections of society

India moved to conserve foreign exchange, contain prices and secure energy supplies as the West Asia crisis tested external accounts and growth forecasts

CNG will now cost Rs 80.09 per kg in Delhi and Rs 88.70 per kg in Noida-Ghaziabad after the latest increase

Drivers and delivery partners linked to ride-hailing, food delivery, and quick commerce platforms will suspend services from 12 pm to 5 pm over demands for higher payouts and fuel-linked compensation

The Delhi Congress on Saturday staged protests across the national capital against rising inflation, a day after the BJP-led Centre increased petrol and diesel prices by Rs 3 per litre. The demonstrations were held outside petrol pumps and dairy booths across Delhi under all 258 Block Congress Committees (BCCs), with party workers protesting against the rising prices of fuel and milk. "The failed policies of the Modi government have set petrol, diesel, and milk prices on fire," the party said in a post on X. Several Congress workers from the Chandni Chowk District Congress Committee also held a protest carrying placards over rising fuel prices. The placards bore slogans such as "Expensive diesel, expensive oil, the Modi government has failed" and "Costly diesel and oil have left the public distressed." Protesters alleged that the rising prices of fuel and essential commodities were burdening common people and worsening inflation. Delhi Congress president Devender Yadav also joined

Petrol now costs ₹97.77 per litre in Delhi, up from ₹94.77 a litre earlier, while diesel prices have been raised to ₹90.67 per litre

India is relying on voluntary fuel conservation and restrained price hikes to shield consumers from the impact of the ongoing West Asia energy shock

The upward revision in prices for both fuels, said Jyotivardhan Jaipuria, founder and managing director at Valentis Advisors, was already expected though the quantum of ₹3 per litre seems too less.