Petrol, Diesel Prices Raised Again; Delhi Petrol Breaches Rs 100 per Litre

Fuel prices in India have been raised again, with petrol becoming costlier by Rs 2.61 per litre and diesel by Rs 2.71 per litre, marking the fourth hike in the past two weeks as state-run oil companies continue adjusting rates to offset mounting losses.

The latest increase comes amid pressure from volatile global crude markets, driven largely by the ongoing US-Iran conflict and disruptions linked to the closure of the Strait of Hormuz, a key global oil transit route.

Following the revision, petrol in New Delhi now costs Rs 102.12 per litre, while diesel has risen to Rs 95.20 per litre.

Speaking on the impact of the West Asia crisis, ONGC Director (Exploration) Sushma Rawat said crude prices have remained highly unpredictable due to uncertainty surrounding the conflict.

“Whenever there is an announcement of a peace accord, crude prices begin to fall. But when it becomes clear there is no immediate resolution, prices rise again,” she told ANI.

Rawat said the government had shielded consumers from the full impact of rising global energy costs for over two months, despite sustained pressure on oil prices.

“The government has given relief to people for 76 days, during which prices did not increase. Oil marketing companies were absorbing losses of nearly Rs 1,000 crore every day. How long can that continue?” she said.

Fuel prices were last revised on May 23, when petrol rates rose by Rs 0.87 per litre and diesel by Rs 0.91 per litre.

Meanwhile, global crude prices dropped more than 5 per cent on hopes of a potential agreement to end the US-Iran conflict. Brent crude fell to $98.22 per barrel while WTI crude dropped to $91.57 before recovering slightly later in trading.

Updated fuel rates across major cities:

Delhi — Petrol: Rs 102.12 (+2.61), Diesel: Rs 95.20 (+2.71)
Kolkata — Petrol: Rs 113.51 (+2.87), Diesel: Rs 99.82 (+2.80)
Mumbai — Petrol: Rs 111.21 (+2.72), Diesel: Rs 97.83 (+2.81)
Chennai — Petrol: Rs 107.77 (+2.46), Diesel: Rs 99.55 (+2.57)

The latest hike is expected to raise transportation and logistics costs, potentially increasing prices of essential goods and food items. Analysts say sustained fuel increases could further add to inflationary pressure across sectors.