Fuel Prices Increased Again as Petrol and Diesel Rates Rise for Fourth Time in 10 Days

Petrol and diesel prices were raised once again across India on Monday, marking the fourth increase in fuel rates within the last ten days amid rising global crude oil prices and continued geopolitical tensions in international energy markets.
State-run oil marketing companies announced fresh hikes in both petrol and diesel prices, leading to higher fuel costs in several major cities. The latest increase has pushed petrol prices beyond ₹100 per litre in many regions, while diesel rates have also seen a sharp rise.
According to reports, the repeated hikes are mainly linked to the surge in global crude oil prices following instability in the Middle East and disruptions in international supply routes. Rising tensions around the Strait of Hormuz, one of the world’s most important oil shipping channels, have contributed to uncertainty in global energy markets and increased import costs for countries like India.
The continuous rise in fuel prices is expected to affect transportation and logistics expenses, which may eventually lead to higher prices for essential goods and services. Economists believe the increase could add to inflationary pressure and impact household budgets as businesses pass on rising operational costs to consumers.
The latest fuel price revision has also triggered political reactions, with opposition parties criticising the government over the repeated hikes and accusing it of increasing the financial burden on ordinary citizens during a period of economic uncertainty.
Meanwhile, shares of major oil marketing companies reportedly gained in the stock market after the price increase, as analysts suggested the hikes may help state-run fuel retailers recover losses caused by expensive crude oil imports.