Page 3 - Fuel Prices

Air india to reduce domestic flights by 22% as high fuel prices bite

Air India will reduce up to 22 per cent of its domestic flights amid rising operational costs due to high fuel prices, according to sources. The loss-making airline, which is facing financial headwinds, has reduced international flights by around 27 per cent, the sources said. Air India operates around 4,400 weekly flights. Out of them, about 3,600 are domestic and 800 are international services. "In continuation of our previously announced adjustments to select international services between June and August 2026, we have temporarily rationalised operations on certain domestic routes during the same period, with a reduction in frequencies on select routes," Air India said in a statement on Wednesday. Sources said 20-22 per cent of the domestic flights would be reduced. The airline said these adjustments are driven by the sustained impact of high fuel prices on overall operations. "Air India will continue to monitor demand and operating conditions closely, with a view to restoring

CNG price in Delhi raised by ₹2 to ₹83.09 per kg, fourth hike since May 15

Following the latest revision, CNG prices in Noida, Greater Noida, and Ghaziabad stand at ₹88.70 per kg, while rates in Mumbai are at ₹84 per kg

Petrol, diesel prices raised for fourth time in less than two weeks

Fuel prices were raised by ₹2.61-2.71 per litre as oil marketing companies continue to face mounting losses amid elevated global crude oil prices

India likely to see 7% fall in June domestic flights as costs rise

Rising fuel prices and rupee depreciation linked to the West Asia conflict are forcing Indian airlines to cut domestic flight operations in June

50% see rise in transport, service costs after fuel hikes, shows survey

Since May 15, fuel retailers have raised petrol by ₹7.38/litre and diesel by ₹7.52/litre as surging global crude oil prices and mounting losses forced repeated revisions

'Mehangai manav' strikes again: Rahul Gandhi slams PM Modi on fuel hike

Congress leader Rahul Gandhi on Monday launched a scathing attack on Prime Minister Narendra Modi over the latest fuel hike, saying 'mehangai manav' has struck again and he has just one job of making promises during elections and attacking people's pockets at other times. Petrol and diesel prices were raised by Rs 2.61-2.71 per litre on Monday, marking the fourth increase in less than two weeks as state-owned fuel retailers continued to pass on rising international oil prices to consumers. "Mehangai manav' Modi strikes again. He raises petrol and diesel prices in installments - ensuring that your pockets are quietly picked, bit by bit," Gandhi said in his post in Hindi on X. "For months, I had been warning of an impending economic storm. But Modi Ji, true to form, was busy with elections at the time and the moment the elections ended, he hiked the prices of petrol and diesel by Rs 8," the Leader of Opposition in the Lok Sabha said. And, this upward trend will only continue, he ...

Petrol, diesel prices raised by up to ₹2.71; hike tops ₹7.5 within 2 weeks

Petrol and diesel prices were raised by Rs 2.61-2.71 per litre on Monday, marking the fourth increase in less than two weeks, as state-owned firms continued to pass on rising international prices to consumers. With the latest revision, cumulative increases in petrol and diesel prices are almost Rs 7.5 per litre since fuel rate revision resumed on May 15 after a prolonged freeze. Petrol price was increased by Rs 2.61 a litre to Rs 102.12 per litre in Delhi from Rs 99.51. Diesel rates have been increased by Rs 2.71 to Rs 95.20 per litre from Rs 92.49, industry sources said. The hikes come amid elevated global crude oil prices and a weakening rupee, which have increased pressure on oil marketing companies' import costs.

Weekly economy wrap: Fuel price hikes, rupee slide add to CAD pressure

From fuel hikes to a record RBI dividend, the week ending May 24 showed how global oil, imports, heatwaves and policy buffers are shaping India's macro outlook

Fuel austerity dampens outlook for India's annual product demand growth

India's transportation fuel demand growth is expected to slow sharply in the second half of 2026 as government-led fuel conservation measures, elevated crude oil prices and a weakening rupee weigh on mobility and consumption trends, according to energy analysts. Petrol and diesel prices have been hiked by about Rs 5 per litre each in three instalments since May 15 as oil companies passed on a part of soaring international oil prices to consumers. The price hikes came just as Prime Minister Narendra Modi urged citizens and government departments to conserve fuel, encourage remote working and reduce non-essential travel as elevated energy prices pressure foreign exchange reserves and threaten to widen the current account deficit. This together with higher prices is likely to have a sobering impact on fuel demand growth. A report by Elif Binici, Lead Analyst (Modeling) at Kpler, revised down India's 2026 refined products demand growth forecast by about 77,000 barrels per day (kbd), or

Petrol, diesel prices hiked by 87-91 paise; third time since May 15

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.

CNG prices hiked by ₹1; third increase in 10 days amid West Asia conflict

CNG in Delhi now costs ₹81.09 per kg, while prices in Noida, Ghaziabad and Greater Noida have risen to ₹89.70 per kg after the latest revision

PM Narendra Modi chairs ministers' meet after five-nation foreign tour

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

Best of BS Opinion: Govt must allow greater price adjustments

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

Govt says ₹3 fuel hike trims OMC losses to ₹750 cr/day, but relief limited

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

BPCL plans ₹25,000 crore capex for FY27, calls fuel price hike respite

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

Transporters' body announces 3-day 'chakka jam' in NCR over rising levies

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

Airlines urge OMCs to delay ATF rate hikes amid West Asia conflict

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

OMCs raise petrol, diesel price by 90 paise per litre, 2nd hike in a week

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

Delhi-NCR cab, auto drivers call 3-day strike from May 21, demand fare hike

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, diesel prices raised by 90 paise in second rate hike in a week

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.