On Friday, the prices of petrol and diesel were hiked by Rs 3 per liter each. The price of CNG has also been increased by Rs 2 per kilogram.
Oil companies have now begun passing on the burden of surging crude oil prices to consumers. India had, until now, avoided raising petrol and diesel prices.
In the national capital, Delhi, the price of petrol has been raised from Rs 94.77 to ₹97.77 per liter. Meanwhile, diesel will now be available at Rs 90.67 per liter, up from Rs 87.67.
The retail prices of petrol in Mumbai, Kolkata, and Chennai will now stand at Rs 106.68, Rs 108.74, and Rs 103.67 per liter, respectively.
On the other hand, diesel will be available at Rs 93.14 per liter in Mumbai, Rs 95.13 in Kolkata, and Rs 95.25 in Chennai.
Fuel prices had remained stable since April 2022. However, in March 2024—just ahead of the Lok Sabha elections—the prices of both petrol and diesel were reduced by two rupees per liter.
The hike in diesel prices has a direct impact on the pockets and kitchens of common people.
Truck and tempo rentals will rise, making vegetables, fruits, and groceries arriving from other states more expensive.
Farmers will incur higher expenses to operate tractors and pumping sets, thereby increasing the cost of food grains.
An increase may also be observed in the fares for public transport and school buses.
