Fuel Prices Remain High in India Amidst Global Crude Oil Volatility
Petrol, Diesel Prices on June 5: Check City-Wise Prices as Fresh Hike Buzz Grows
Asianet Newsable
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As of June 5, 2026, petrol and diesel prices in India remain elevated, with significant increases over recent weeks due to volatile global crude oil prices. Consumers are facing cumulative hikes of around ₹7.5 per litre, prompting concerns over further price revisions as oil marketing companies struggle with under-recoveries.
- 01Petrol prices in Delhi are ₹102.12 per litre, while diesel is ₹95.20 per litre.
- 02Cumulative increases since mid-May have reached approximately ₹7.5 per litre across various cities.
- 03Hyderabad has the highest fuel prices, with petrol at ₹115.73 and diesel at ₹103.82 per litre.
- 04Economists warn that sustained fuel inflation could increase freight charges, impacting the prices of essential goods.
- 05Oil marketing companies are facing significant losses, leading to speculation about potential future price hikes.
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Indian consumers are dealing with high fuel prices as of June 5, 2026, following a series of increases since mid-May. The rise in petrol and diesel costs, averaging about ₹7.5 per litre, is attributed to fluctuating global crude oil prices and the financial struggles of state-run oil marketing companies (OMCs). Cities like Hyderabad, Kolkata, and Mumbai report some of the highest prices, with petrol reaching ₹115.73 per litre in Hyderabad. The ongoing fuel inflation raises concerns for households and businesses, as it could lead to increased transportation costs and higher prices for essential goods and services. While prices remain stable for now, analysts suggest that further hikes may be necessary as OMCs attempt to recover losses amid ongoing volatility in the energy market.
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Sustained high fuel prices are likely to increase transportation costs, affecting prices of essential goods and services.
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