Fuel Prices

Air India has cut fuel surcharges for flights to North America, Australia, Europe, and the UK as oil prices eased in recent weeks, according to sources. The airline announced fuel surcharges on April 7 amid a surge in oil and jet fuel prices due to the West Asia conflict. The higher costs and airspace curbs had pushed up operational expenses for the airline. Fuel surcharge for North America and Australia flights have been cut to USD 200 from USD 280 per ticket and that for Europe and the UK services have been reduced to USD 125 from USD 205, the sources said on Thursday. The revised fuel surcharges are effective from July 1, the sources said. There was no comment from Air India. Fuel surcharges for other international flights and domestic services of the airline remain unchanged. Fuel surcharges for North America, Australia, Europe, and the UK flights had come into force from April 10. On April 7, the Air India Group announced fuel surcharges ranging from USD 24 to USD 280 for ..

Jet fuel or ATF price was cut by Rs 5 per litre on Wednesday on softening international oil prices. Aviation turbine fuel (ATF) now costs Rs 110 a litre in Delhi, industry sources said. This is the first reduction since the West Asia crisis led to a spike in jet fuel rates to a record high.

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Nayara Energy, India's largest private fuel retailer, on Wednesday cut petrol prices by Rs 5 per litre and diesel by Rs 3 a litre across its nationwide network, marking the first reduction in retail fuel prices by any company in more than two years as easing tensions in West Asia pulled down international oil prices. The price cut follows a retreat in global crude oil prices after hostilities in West Asia eased and the reopening of a key maritime route restored the flow of crude oil and liquefied natural gas, reducing concerns over supply disruptions. The revised rates have come into effect at all of Nayara's more than 7,000 fuel stations across the country, industry sources said. Actual pump prices vary across states depending on local levies such as value-added tax (VAT). Public sector fuel retailers, however, kept prices unchanged. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), which together accou

Easing crude oil prices, strong demand and IndiGo's expansion plans are expected to boost earnings, while lower fuel costs could improve margins across the aviation sector

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Union Minister Suresh Gopi on Thursday said that the fuel prices cannot be reduced immediately when the rate of global crude comes down as it involves many factors, including the time taken for the cheaper oil to reach India. Gopi, the Union Minister of State for Petroleum, Natural Gas and Tourism, said of the recent hike in fuel prices, only an increase of around Rs 3.94 per litre has made an impact, but it cannot be immediately rolled back just because the cost of crude has gone down globally. "It will take time as the cheaper crude has to be transported to India via Strait of Hormuz, which will see an excessive traffic of ship movement. So things will have to be normalised," he told reporters here. He further said that since the war broke out in West Asia in February this year, the oil companies were impacted in a big way and the central government absorbed the impact to a good extent. "By absorbing the impact, the Centre lost Rs 12,000 crore. None of the states reduced their ..

Fuel prices were raised to reduce losses at state-run oil companies, but despite easing pressure after lower crude prices, consumers may not see immediate relief

Easing West Asia tensions may stabilise India's external accounts, but policymakers must focus on boosting FDI, exports and long-term capital inflows

There is no change in the rate of duty on exports of petrol and it continues to be at ₹1.5 per litre

Petrol and diesel inflation accelerated in May 2026 as repeated fuel price hikes pushed CPI indices above 100, driven by rising global oil market pressures

Union Minister of State for Petroleum and Natural Gas Suresh Gopi on Sunday said fuel prices would be reviewed based on the availability of crude oil supplies. Replying to reporters' questions on a possible revision in fuel prices, Gopi said the situation would be assessed based on crude oil supplies. "Let us see the supply of crude oil. We have the minister concerned, Hardeep Singh Puri. Let it come," he said. He also asked reporters whether they had the role of a supervisory ministry. Fuel prices, including petrol, diesel and LPG, have witnessed hikes in recent weeks. The increase followed disruptions in crude oil and natural gas supplies linked to the ongoing conflict in West Asia. PTI TBA.

Every increase in ethanol content requires engineering changes, recalibrating engines, testing, certification, and modifications to components exposed to fuel

State-run oil firms continue to face financial pressure from subsidised LPG sales, even as recent fuel price hikes have sharply reduced under-recoveries on petrol and diesel

Maharashtra Chief Minister Devendra Fadnavis on Sunday rejected the Opposition's criticism over fuel and gas price hike, attributing the fluctuation in rates to the Iran-US conflict. He said Prime Minister Narendra Modi has deftly handled the situation and taken steps to contain fuel costs even as petrol, diesel and gas prices skyrocketed in other countries. The Opposition has criticised the Central government over the rise in prices of essential commodities. Earlier in the day, NCP (SP) chief Sharad Pawar said the government would pay a "political price" as frequent hikes in essential commodities were burdening the common man. "The whole world knows the situation of war, and no country remains untouched. In every country, petrol, diesel and gas prices are high. In India, the Prime Minister has done a lot to contain the prices. I feel that as long as the war situation remains like this, some things will continue, but we have also seen before that prices had fallen, so when demand a

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State retailers Indian Oil, Bharat Petroleum and Hindustan Petroleum implemented four rounds of price hikes ‌since mid-May after holding off earlier due to elections

India is bearing a high cost to insulate motorists, kitchens and flyers from large-scale disruptions in fuel supply

Crisil said cumulative increases in petrol and diesel prices could approach Rs 10 per litre, raising transport costs and exerting upward pressure on both food and core inflation

Rising fuel prices and the Strait of Hormuz disruption push EV adoption higher, with electric two-wheeler penetration crossing 9% in May