Petrol and diesel prices across India have been revised upward after oil marketing companies announced a fresh hike of approximately Rs 3 per litre. This increase comes amid sustained pressure from elevated global crude oil prices linked to the ongoing West Asia crisis and disruptions around the Strait of Hormuz.
Petrol Prices Surge Past Rs 110 in Several States
According to the latest revised rates, petrol prices have crossed Rs 110 per litre in some states, including Telangana, Kerala, and Andhra Pradesh. In the national capital, New Delhi, petrol now costs Rs 97.77 per litre after a Rs 3 hike. Mumbai residents are paying Rs 106.64 per litre, while Chennai and Kolkata have also seen sharp increases. Among states, Andhra Pradesh recorded the highest petrol price at Rs 113.03 per litre, followed by Telangana at Rs 110.89 and Kerala at Rs 110.75.
Petrol Prices in Major Cities
- New Delhi: Rs 97.77 per litre (up by Rs 3.00)
- Kolkata: Rs 108.70 per litre (up by Rs 3.25)
- Mumbai: Rs 106.68 per litre (up by Rs 3.14)
- Chennai: Rs 103.67 per litre (up by Rs 2.87)
- Hyderabad: Rs 110.89 per litre (up by Rs 3.39)
State-Wise Petrol Prices
- Andhra Pradesh: Rs 113.03 per litre (up by Rs 3.29)
- Delhi: Rs 97.77 per litre (up by Rs 3.00)
- Karnataka: Rs 106.21 per litre (up by Rs 3.25)
- Kerala: Rs 110.58 per litre (up by Rs 3.20)
- West Bengal: Rs 108.70 per litre (up by Rs 3.25)
Diesel Prices Also Rise Sharply
Diesel prices have also increased significantly across the country. In Delhi, diesel now costs Rs 90.67 per litre, while Hyderabad and Kerala are nearing the Rs 100 per litre mark. Andhra Pradesh has crossed the Rs 100 threshold, with diesel priced at Rs 100.71 per litre.
Diesel Prices in Major Cities
- New Delhi: Rs 90.67 per litre (up by Rs 3.00)
- Kolkata: Rs 95.13 per litre (up by Rs 3.11)
- Mumbai: Rs 93.14 per litre (up by Rs 3.11)
- Chennai: Rs 95.25 per litre (up by Rs 2.86)
- Hyderabad: Rs 98.96 per litre (up by Rs 3.26)
State-Wise Diesel Prices
- Andhra Pradesh: Rs 100.71 per litre (up by Rs 3.14)
- Delhi: Rs 90.67 per litre (up by Rs 3.00)
- Kerala: Rs 99.35 per litre (up by Rs 3.09)
- Tamil Nadu: Rs 95.25 per litre (up by Rs 2.86)
- West Bengal: Rs 95.13 per litre (up by Rs 3.11)
Why Prices Were Hiked Now
India had so far avoided raising petrol and diesel prices despite a steep jump in global crude oil prices triggered by the Iran conflict and the Strait of Hormuz crisis. However, mounting under-recoveries suffered by oil marketing companies forced the latest revision. State-run oil companies are estimated to be losing between Rs 1,000 crore and Rs 1,200 crore daily due to elevated crude prices and previously unchanged retail fuel rates.
India imports nearly 90 per cent of its crude oil requirements, making domestic fuel prices highly sensitive to global energy shocks. The recent disruptions around the Strait of Hormuz, a critical chokepoint for oil shipments, have exacerbated the situation, leading to sustained high crude prices and ultimately necessitating the price hike.
