Petrol at Rs 97.77 in Delhi after fuel hike; check rates in major Indian cities
New Delhi, May 15
Petrol and diesel prices surged across top Indian cities on Friday after state-run oil companies announced a fresh hike of over Rs 3 per litre amid rising global crude oil prices and supply concerns linked to the ongoing West Asia crisis.
Following the revision, petrol prices climbed to Rs 110.89 per litre in Hyderabad, while diesel rates reached Rs 99.63 per litre in Thiruvananthapuram.
The latest increase marks the first major revision in fuel prices since May 2022, when petrol and diesel rates were largely kept unchanged despite volatility in international crude oil markets.
Oil marketing companies cited mounting losses from higher crude procurement and refining costs as the primary reason for the revision.
Petrol prices were increased by between Rs 3 and Rs 3.46 per litre across the country, while diesel prices rose by Rs 3 to Rs 3.56 per litre depending on the state and local taxes.
In the national capital, petrol prices rose by Rs 3 to Rs 97.77 per litre, while diesel prices climbed to Rs 90.67 per litre after a similar increase.
Mumbai residents will now pay Rs 106.64 per litre for petrol following a Rs 3.10 hike, while diesel prices rose by Rs 3.11 to Rs 93.14 per litre.
In Kolkata, petrol prices crossed the Rs 108 mark, reaching Rs 108.74 per litre, while diesel climbed to Rs 95.13 per litre.
In Chennai, petrol prices increased to Rs 103.67 per litre and diesel rates rose to Rs 95.25 per litre after the latest revision.
Hyderabad continued to record the highest petrol price among major Indian cities, with rates increasing by Rs 3.39 to Rs 110.89 per litre.
Diesel prices in the city also surged to Rs 98.96 per litre.
Thiruvananthapuram followed closely in fuel prices, with petrol rates touching Rs 110.75 per litre.
Diesel prices in the Kerala capital climbed by Rs 3.37 to Rs 99.63 per litre, the highest in the country.
Among other major cities, Bengaluru witnessed a sharp increase, with petrol prices rising by Rs 3.25 to Rs 106.21 per litre, while diesel climbed by Rs 3.11 to Rs 94.10 per litre.
In Gurugram, petrol prices increased by Rs 3.17 to Rs 98.47 per litre, while in Noida they rose by Rs 3.04 to Rs 97.78 per litre.
Lucknow remained relatively cheaper among major urban centres, with petrol prices increasing by Rs 2.82 to Rs 97.55 per litre.
Jaipur recorded petrol prices at Rs 107.97 per litre after a Rs 2.94 increase, while Bhubaneswar saw rates rise by Rs 3.22 to Rs 104.19 per litre.
Despite the latest hike, Chandigarh remained the city with the lowest fuel prices among major cities.
Petrol there increased by Rs 2.97 to Rs 97.27 per litre, while diesel rose by Rs 2.80 to Rs 85.25 per litre.
— IANS
Reader Comments
Living in Mumbai with ₹106 petrol is just painful 😩 I'm spending nearly ₹5,000 a month just commuting to work. Enough is enough, we need GST inclusion on fuel.
Another day, another hike. Meanwhile, the middle class keeps getting squeezed. The government should reduce central excise duty instead of just blaming global factors.
Chandigarh seems to be the only sane place for fuel prices. But for the rest of us in cities like Hyderabad, it's getting impossible to manage monthly budgets. Time to look for EV options maybe?
It's funny how they say it's due to West Asia crisis. The crisis has been going on for months. Why did they wait till now to hike? Lack of transparency in pricing is the real issue.
Respectfully, instead of blaming oil companies or the government, let's also talk about the massive state taxes that make up almost 40% of the price. Kerala, Rajasthan, Maharashtra need to reduce VAT too. We need a unified fuel policy across India.
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.