Page 2 - Diesel Prices

Mild fuel price hike may not significantly upend household budget

We estimate the direct impact of this hike at around 8bps uptick each in the CPI inflation prints for May 2026 and June 2026, along with a mild indirect impact to the tune of around 10 bps, Nayar said

Fuel price hike shows global oil stress; Rupee seen in ₹96-98 range in FY27

India raised petrol and diesel prices for the first time since 2022 as global crude prices stayed elevated. Here's how the government, OMCs and consumers are sharing the oil shock

After Mumbai, CNG prices hiked in Delhi by ₹2 amid fuel supply concerns

CNG in the national capital will now cost ₹79.09 per kg, up from ₹77.09, while in Mumbai, the fuel is now priced at ₹84 per kg

OMCs hike petrol, diesel prices in four metros amid West Asia crisis

Petrol in the national capital will now cost ₹97.77 per litre, up from ₹94.77, while diesel will be priced at ₹90.67 per litre, compared with ₹87.67 earlier

Tata Motors cautions on fuel cost as the biggest risk to the CV recovery

Tata Motors said rising diesel prices linked to the Middle East crisis could threaten India's commercial vehicle recovery by sharply increasing operating costs for fleet operators

PM Modi has held up a mirror to the country: Nilesh Shah, Kotak AMC

At the moment, markets are driven far more by global developments than domestic factors, Shah said. The biggest concern globally, he feels, is energy supply and energy prices.

Losses pile up, oil marketing companies may hike retail prices of fuel

State-run oil firms face mounting under-recoveries as crude prices remain above $100 per barrel amid the US-Iran conflict and Strait of Hormuz disruptions

19-kg commercial LPG cylinder price raised by ₹993; steepest increase

OMCs raise commercial LPG prices sharply amid rising crude costs, while domestic LPG and petrol-diesel rates remain unchanged; ATF for international flights also revised

Govt has not ruled out petrol, diesel price hike in near future: Report

An increase in petrol and diesel prices in the near future is not ruled out, government sources said on Friday, as losses mount from a four-year-old freeze in retail rates despite the sharp rise in global crude oil prices. International crude oil prices this week climbed to a four-year high of USD 126 per barrel before cooling down slightly, but remained above USD 110 a barrel as ship transits through the Strait of Hormuz remained restricted and US and Iranian leaders traded barbs amid stalled peace talks. Government sources said the possibility of a petrol and diesel price hike in the near future is not ruled out. Earlier in the day, Indian Oil Corporation (IOC), making a statement on behalf of the industry, said petrol and diesel price as also domestic LPG rates are not being increased despite a surge in international energy cost. State-owned oil firms hiked prices of commercial LPG, industrial diesel, 5-kg LPG and jet fuel sold to international airlines in keeping with the ...

Govt cuts export duty on diesel, ATF; retail petrol prices unchanged

The export duty has been introduced to ensure domestic availability of petroleum products amid the West Asia crisis

ATF prices unchanged for domestic airlines, international rates hiked: IOC

Aviation turbine fuel (ATF) prices for domestic airlines remained unchanged on Friday as state-owned oil companies decided to absorb the rise in global fuel prices to protect airlines and consumers, IndianOil said. Retail prices of petrol, diesel and domestic LPG cylinders have also been kept steady, insulating consumers from international price volatility. In a statement, IOC said there has been no rate revision in key fuels affecting the general public. ATF prices are, as per practice, revised on the 1st of every month based on input cost. While no change has been made in rates for domestic airlines, there has been an increase in prices for international carriers. IOC said that retail prices of petrol and diesel remained unchanged for consumers, who account for nearly 90 per cent of total consumption. Similarly, prices of domestic LPG (14.2-kg cylinders) for about 33 crore consumers have not been altered. Prices of kerosene distributed under the public distribution system (PDS)

Iran conflict creates two-speed diesel market across Asian economies

Asia typically sources most of its diesel from plants within the region, which in turn rely on flows of crude from West Asia for a substantial share of their input

No plan to raise petrol, diesel prices after polls: Govt official

The government has no plans to raise petrol and diesel prices, a senior official said on Tuesday, dismissing speculation of a hike after polling in West Bengal ends on April 29. Retail petrol and diesel prices have remained unchanged for a record fourth year, even as conflict in West Asia has pushed crude oil costs up more than 50 per cent over the past two months. The widening gap between input costs and pump prices has left state-run fuel retailers incurring heavy losses - with some estimates pegging daily loss at about Rs 2,400 crore - fuelling speculation of an imminent price hike after politically charged assembly elections in Tamil Nadu, West Bengal, Assam, Kerala and Puducherry conclude on Wednesday. "There is no proposal to increase petrol and diesel prices," Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said at a news briefing on the fallout of developments in West Asia. She was responding to a question on whether retail fuel prices would be .

Markets unprepared for a steep petrol, diesel price hike: Analysts

On its part, the government has denied reports of hiking petrol and diesel prices despite the surge in crude oil in the backdrop of the conflict in West Asia.

Govt dismisses reports on possible petrol, diesel price hike as 'fake news'

Centre says no proposal to raise petrol and diesel prices despite rising crude, calls reports misleading and aimed at creating panic among consumers

Truckers brace for first diesel price hike in four years amid Iran war

India is among the countries most exposed to the trade upheaval in the West Asia as the conflict extends into an eighth week

OMCs losing ₹18/litre on petrol, ₹35 on diesel amid price freeze: Macquarie

Losses on petrol have widened to Rs 18 per litre and to Rs 35 on diesel as state-owned fuel retailers continue to keep pump prices frozen despite a sharp rise in input costs, sources said. Despite prices being deregulated more than a decade back, state-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have not changed the retail petrol and diesel price since April 2022. Global crude oil prices have seen sharp fluctuations over this period - from above USD 100 per barrel following the Russia-Ukraine war, to easing to around USD 70 a barrel earlier this year, before surging again to about USD 120 last month after the US-Israel attacks on Iran triggered fresh supply concerns. The three firms were incurring losses of about Rs 2,400 crore per day at the peak last month, which have since narrowed to around Rs 1,600 crore daily after the government cut excise duty on petrol and diesel by Rs 10 per litre each - a ...

China hikes gasoline, diesel prices for second time in fortnight

China on Tuesday announced an increase in gasoline and diesel prices for the second time in about a fortnight due to rising international oil prices triggered by the ongoing war in West Asia. China's top economic planner, the National Development and Reform Commission (NDRC), announced that the new round of price hikes will take effect from Wednesday. China already increased gasoline and diesel prices on March 23 as part of preparations for a fuel crisis amid apprehensions around the current US-Israel-Iran war. Since the adjustment of domestic oil prices in late March, international crude oil prices have experienced significant fluctuations, the NDRC said in a statement. Because of control measures, the prices of gasoline and diesel will increase by 420 yuan (USD 61) and 400 yuan (USD 58) per tonne, respectively, it said. China's three biggest oil companies, namely China National Petroleum Corporation, China Petrochemical Corporation and China National Offshore Oil Corporation, as

Pakistan hikes petrol, diesel prices by record 43% and 55% amid Iran war

Pakistan has announced an unprecedented increase of 43 per cent and 55 per cent in the prices of petrol and high-speed diesel (HSD), respectively, in response to spiking global oil prices amid the US-Israel war on Iran. The government made the announcement on Thursday. The price of petrol has been increased by Rs 137.23 per litre (42.7 per cent) to Rs 458.41 from Rs 321.17, while HSD by Rs 184.49 per litre (55 per cent) to Rs 520.35 from Rs 335.86, with immediate effect. The price of kerosene was also increased by Rs 34.08 per litre to Rs 457.80. The government also adjusted the petroleum levy rates to limit the increase in diesel prices as the levy on petrol was increased to Rs 160 per litre from Rs 105, while it was reduced to zero on diesel from Rs 55. Petroleum Minister Ali Pervaiz Malik while making the announcement, which he termed as a "difficult decision", said that the objective was to restrict subsidies to the most deserving segments while maintaining fiscal discipline an

ATF hiked by 8.5% for domestic airlines, more than doubles for others

Prices of aviation turbine fuel (ATF), or jet fuel, were more than doubled to a record Rs 2.07 lakh per kilolitre on Wednesday, driven by the the surge in global oil prices linked to the widening West Asia conflict. This is the first time ATF prices have crossed the Rs 2 lakh per kilolitre (kl)-mark. ATF prices in Delhi were hiked to Rs 207,341.22 per kl, from Rs 96,638.14 per kl. On March 1, prices of jet fuel were hiked by 5.7 per cent (Rs 5,244.75 per kl).