Petrol-diesel Prices

Govt warns industrial consumers against shifting to retail fuel outlets

State-run OMCs are currently absorbing losses of around Rs 550 crore per day on sale of petrol, diesel and domestic LPG

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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

'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.

Third retail fuel price hike in 10 days; losses of OMCs narrow further

Oil marketing companies have raised fuel prices again amid elevated crude prices, while under-recoveries narrow as West Asia tensions keep energy costs high

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

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

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

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.

OMCs hike petrol, diesel prices by Rs 3 per litre amid mounting losses

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

First of a few fuel price hikes; markets to remain rangebound, say analysts

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.

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

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.

Govt says no shortage of fuel day after PM Modi's austerity appeal

A government official said India had sufficient crude inventories and that refinery operations were continuing without disruption

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

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.