NewsFlash Daily™
25 May
Petrol crosses Rs 100 in Delhi while Bengaluru fuel prices surge after fourth hike in just 11 days
New Delhi: Fuel prices in India have increased once again, delivering another major blow to vehicle owners and households already struggling with rising living costs. Petrol and diesel rates were revised upward for the fourth time in just 11 days, pushing petrol prices in Delhi beyond the crucial Rs 100 mark amid continuous volatility in global crude oil markets.
The latest revision came into effect immediately, with petrol prices increased by Rs 2.61 per litre and diesel prices by Rs 2.71 per litre across major cities. The repeated hikes have intensified public concern over inflation and the likely rise in transportation and essential commodity costs across the country.
Petrol Diesel Price Hike Pushes Delhi Fuel Rates Above Rs 100
Following the latest increase, petrol in Delhi is now priced at Rs 102.12 per litre, while diesel has climbed to Rs 95.20 per litre. The sharp increase marks one of the steepest short-term fuel price surges witnessed in recent months.
In Bengaluru, petrol prices have risen to Rs 110.93 per litre, while diesel is being sold at Rs 95.99 per litre after the revised rates came into force.
The continuous increase in fuel prices has left daily commuters, transport operators, and middle-class families worried about mounting expenses, especially as transportation costs directly affect prices of vegetables, groceries, and other essential goods.
“The sustained rise in global crude oil prices and increased import costs have forced oil companies to revise fuel rates,” officials said while explaining the latest hike.
Fourth Fuel Price Increase in 11 Days Sparks Public Anger
Since fuel price revisions resumed on May 15, petrol and diesel prices have reportedly increased by nearly Rs 7.5 per litre overall. Consumers across the country are expressing frustration as repeated hikes continue to strain household budgets.
Transport associations and business groups have also raised concerns that the sustained increase in fuel rates may lead to higher freight charges, eventually impacting inflation and retail prices nationwide.
The latest price revision is expected to affect sectors heavily dependent on road transportation, including agriculture, logistics, food supply chains, and public commuting systems.
Global Crude Oil Prices and Rupee Weakness Behind Hike
Officials from Oil and Natural Gas Corporation and Bharat Petroleum stated that rising international crude oil prices and geopolitical tensions in West Asia remain the key reasons behind the repeated fuel price hikes.
According to industry sources, disruptions and tensions around the Strait of Hormuz have significantly affected global energy transportation systems over the past several months. The instability has increased pressure on countries heavily dependent on imported crude oil and natural gas supplies.
Crude oil prices in the international market reportedly surged from around 65 to 70 dollars per barrel to nearly 110 to 115 dollars per barrel during the ongoing conflict period.
India imports nearly 85 percent of its crude oil requirements, making domestic fuel prices highly vulnerable to fluctuations in global oil markets and currency depreciation.
Fuel Price Rise Likely to Impact Inflation Across India
Economists warn that the repeated increase in petrol and diesel prices could trigger broader inflationary pressure in the coming weeks. Higher transportation costs often lead to price increases in food items, consumer goods, and public services.
Consumers are also worried that additional hikes may follow if global crude oil prices continue rising amid geopolitical uncertainty and supply disruptions.
The latest revision has once again reignited debate over fuel taxation, import dependence, and the long-term need for alternative energy solutions in India.
