Punjab Newsline | New Delhi
Sharp increase in petrol and diesel prices driven by rising global crude oil rates, weak rupee, and higher import costs puts additional burden on commuters and middle-class households across India.
Fuel prices across India witnessed another steep hike on Monday, with oil marketing companies increasing petrol and diesel rates for the fourth time in the last 10 days. Petrol prices were raised by up to ₹2.61 per litre, while diesel became costlier by up to ₹2.71 per litre.
The latest revision has pushed petrol prices in Delhi beyond the ₹102 mark, with the new rate reaching ₹102.12 per litre. Diesel prices in the national capital have climbed to ₹95.20 per litre. The repeated hikes are adding pressure on household budgets and increasing transportation costs across the country.
According to market experts, the surge in international crude oil prices, depreciation of the Indian rupee against the US dollar, and rising import expenses are major reasons behind the increase. Refining margin adjustments and recovery of accumulated losses by oil companies are also contributing to the rise in fuel prices.
In Kolkata, petrol prices jumped to ₹113.51 per litre after a hike of ₹2.87. Mumbai recorded petrol prices at ₹111.21 per litre, while Chennai saw rates rise to ₹107.77 per litre.
Just two days earlier, petrol and diesel prices had already been increased by 87 to 91 paise per litre. With cumulative hikes nearing ₹5 per litre within 10 days, concerns are growing among daily commuters, transport operators, and middle-class families.
The rising fuel costs are also expected to impact the prices of essential goods and public transportation in the coming days.
