Fuel prices across India have increased once again, with petrol and diesel rates rising by more than ₹2.5 per litre. This marks the fourth fuel price hike in just 10 days, creating fresh concerns among common citizens, transport operators, and businesses already struggling with rising living costs.
According to reports released by state-run oil marketing companies, petrol prices were increased by ₹2.61 per litre while diesel prices rose by ₹2.71 per litre on Monday. The latest revision has pushed petrol prices above the ₹100 mark in Delhi once again, while diesel prices are nearing ₹100 in several major cities.
The repeated hikes are mainly linked to rising international crude oil prices and ongoing geopolitical tensions in West Asia. Global oil markets have remained unstable due to conflicts involving Iran and disruptions around important oil supply routes such as the Strait of Hormuz. Experts say these developments are increasing pressure on Indian oil companies.
Industry analysts stated that oil marketing companies are gradually increasing fuel prices to recover financial losses caused by higher crude oil import costs. Since India imports a large portion of its crude oil requirements, any rise in global oil prices directly affects domestic fuel rates.
Reports suggest that in the last two weeks alone, petrol and diesel prices have increased by nearly ₹7.5 per litre. This continuous rise is expected to impact transportation costs, food prices, logistics, cab services, delivery charges, and several other sectors dependent on fuel. Economists warn that inflationary pressure could increase further if global crude oil prices remain high.
The latest fuel hike has also triggered political reactions across the country. Opposition leaders criticized the government over the repeated price increases, arguing that the burden is falling heavily on middle-class families and small businesses. Some leaders questioned why India is not increasing imports of cheaper crude oil from countries offering lower prices.
In major metro cities, updated petrol and diesel prices have crossed important psychological levels. In Delhi, petrol is now above ₹102 per litre, while diesel has crossed ₹95 per litre. Similar increases have been reported in Mumbai, Kolkata, Chennai, Hyderabad, and Bengaluru.
Experts believe fuel prices may continue to fluctuate in the coming weeks depending on international crude oil markets, geopolitical developments, and currency exchange rates. Consumers are being advised to monitor daily fuel price updates as further revisions remain possible.