Petrol and diesel prices in India have increased for the fourth time in less than two weeks, with petrol now costing ₹102.12 per litre and diesel ₹95.20 per litre in Delhi. The hikes are attributed to soaring crude oil prices and significant losses incurred by oil marketing companies.

• 01Petrol prices in Delhi have reached ₹102.12 per litre, while diesel costs ₹95.20 per litre.
• 02Since May 15, petrol prices have risen by ₹7.38 per litre and diesel by ₹7.52 per litre.
• 03The recent price hikes are the first in four years due to under-recoveries of ₹1,000 crore per day on fuel sales.
• 04Oil marketing companies have increased prices in a staggered manner over the past nine days, with multiple hikes.
• 05Experts predict that crude prices will remain elevated, likely above $90 per barrel, despite potential stabilization in the West Asia region.

The increase in fuel prices will affect consumers directly, leading to higher transportation and commodity costs.