Govt hikes petrol, diesel prices by Rs 3 per litre
Petrol in Delhi will now cost Rs 97.77 a litre, while diesel will be priced at Rs 99.67.
In Mumbai, petrol will be - Rs 106.68 per litre
while diesel will cost Rs 93.14.
Commuters queued up in various parts of Delhi and many state capitals in front of petrol pumps after petrol and diesel prices were hiked by Rs 3 per litre each,
the first increase in over four years, amid rising global crude oil prices
Former UP chief minister and Samajwadi Party chief Akhilesh Yadav takes ‘cycle’ jab at Centre after fuel price hike !!
Cycle is SP's election symbol. Elections are due in UP by March 2027.
The increase also comes shortly after Prime Minister Narendra Modi appealed to citizens to reduce fuel consumption among other measures as rising crude oil prices threaten India’s import bill.
Experts warn that petrol and diesel prices could continue rising over the coming days — and potentially even months — if the crude oil crisis linked to the escalating West Asia conflict worsens further.
“The fuel price hike was very important. The ground reality is that oil supply has become more expensive and uncertain,” Rahul Ahluwalia, Founder-Director of the Foundation for Economic Development, told IndiaToday.in.
While the immediate impact is visible at fuel stations, economists say the real effect of rising fuel prices spreads much wider.
Over time, it can influence food prices, transport costs, online deliveries and even monthly household spending.
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