Petrol and diesel prices were increased again across major Indian cities on Monday, marking the fourth fuel price hike in less than 10 days as state-run oil marketing companies continued revising rates amid rising crude oil prices and a weakening rupee.
With the latest increase, cumulative fuel price hikes have now nearly touched Rs 7.5 per litre since revisions resumed on May 15 after a long freeze in rates.
The repeated hikes come as India faces mounting pressure from elevated global crude oil prices linked to the ongoing West Asia conflict and disruptions around the Strait of Hormuz, one of the world’s most important oil shipping routes.
PETROL, DIESEL GET COSTLIER AGAIN
Petrol prices were increased by up to Rs 2.61 per litre in Delhi, while diesel prices rose by Rs 2.71 per litre.
Following the latest revision:
petrol in Delhi crossed Rs 102 per litre,
diesel in Mumbai moved closer to Rs 100,
and fuel prices in several cities climbed above Rs 110 per litre.
The increase is expected to further raise transportation and logistics costs, which could eventually impact prices of daily-use goods and services.
CHECK PETROL RATES IN YOUR CITY
After the latest fuel price hike, petrol in New Delhi now costs Rs 102.12 per litre, while diesel is priced at Rs 95.20 per litre. In Mumbai, petrol has risen to Rs 111.21 per litre and diesel to Rs 97.83 per litre. Kolkata’s petrol price stands at Rs 113.51 per litre, with diesel at Rs 99.82 per litre. In Chennai, petrol costs Rs 107.77 per litre and diesel Rs 99.55 per litre.
Among other major cities, petrol prices have reached Rs 115.73 per litre in Hyderabad, Rs 115.49 in Thiruvananthapuram, Rs 113.54 in Patna and Rs 113.35 in Jaipur. Bengaluru is seeing petrol at Rs 110.61 per litre, while Bhubaneswar’s rate stands at Rs 108.83. In Gurgaon and Noida, petrol prices are Rs 102.69 and Rs 101.92 per litre respectively. Chandigarh continues to have one of the lowest petrol rates among the listed cities at Rs 101.54 per litre.
Here are the latest petrol prices across major Indian cities after Monday’s hike:
City
Petrol Price
Change
New Delhi
Rs 102.12/litre
+Rs 2.61
Kolkata
Rs 113.51/litre
+Rs 2.86
Mumbai
Rs 111.21/litre
+Rs 2.76
Chennai
Rs 107.77/litre
+Rs 2.46
Gurgaon
Rs 102.69/litre
+Rs 2.53
Noida
Rs 101.92/litre
+Rs 2.41
Bengaluru
Rs 110.61/litre
+Rs 2.52
Bhubaneswar
Rs 108.83/litre
+Rs 2.56
Chandigarh
Rs 101.54/litre
+Rs 2.59
Hyderabad
Rs 115.73/litre
+Rs 2.88
Jaipur
Rs 113.35/litre
+Rs 3.51
Lucknow
Rs 101.89/litre
+Rs 2.61
Patna
Rs 113.54/litre
+Rs 3.07
Thiruvananthapuram
Rs 115.49/litre
+Rs 2.85
Among the listed cities:
Hyderabad recorded the highest petrol price at Rs 115.73 per litre,
followed closely by Thiruvananthapuram at Rs 115.49,
while Jaipur saw the sharpest increase of Rs 3.51 per litre.
LATEST DIESEL PRICES
Diesel prices have also increased sharply across cities. Hyderabad now has diesel at Rs 103.82 per litre, while Thiruvananthapuram’s rate has crossed Rs 104 at Rs 104.41 per litre.
Bhubaneswar’s diesel price stands at Rs 100.55 per litre, while Jaipur and Patna are at Rs 98.39 and Rs 99.54 per litre respectively.
Bengaluru’s diesel price is Rs 98.54 per litre, while Gurgaon, Noida and Lucknow are all around Rs 95.36-95.37 per litre. Chandigarh has the lowest diesel rate among the listed cities at Rs 89.47 per litre.
Diesel prices were also increased sharply across cities.
City
Diesel Price
Change
New Delhi
Rs 95.20/litre
+Rs 2.71
Kolkata
Rs 99.82/litre
+Rs 2.80
Mumbai
Rs 97.83/litre
+Rs 2.81
Chennai
Rs 99.55/litre
+Rs 2.57
Gurgaon
Rs 95.36/litre
+Rs 2.63
Noida
Rs 95.37/litre
+Rs 2.53
Bengaluru
Rs 98.54/litre
+Rs 2.55
Bhubaneswar
Rs 100.55/litre
+Rs 2.66
Chandigarh
Rs 89.47/litre
+Rs 2.53
Hyderabad
Rs 103.82/litre
+Rs 2.88
Jaipur
Rs 98.39/litre
+Rs 3.34
Lucknow
Rs 95.36/litre
+Rs 2.72
Patna
Rs 99.54/litre
+Rs 3.01
Thiruvananthapuram
Rs 104.41/litre
+Rs 2.86
Hyderabad recorded the highest diesel price among the listed cities at Rs 103.82 per litre, while Thiruvananthapuram’s diesel rate crossed Rs 104 per litre.
WHY ARE FUEL PRICES RISING?
The latest fuel price hikes have been driven by a combination of global and domestic pressures.
The biggest trigger remains rising crude oil prices due to the ongoing Iran conflict and uncertainty around oil shipments through the Strait of Hormuz.
India imports nearly 90% of its crude oil needs, making domestic fuel prices highly sensitive to global oil movements.
At the same time, the Indian rupee has weakened sharply against the US dollar in recent weeks, increasing the cost of importing crude oil.
Oil marketing companies such as Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited had earlier continued selling fuel at lower prices despite elevated crude costs, but mounting losses eventually forced repeated revisions.
