Fuel Prices Surge Again Amid Global Energy Crisis
Fuel prices hiked for third time in 10 days; check new rates in metros
Asianet Newsable
Image: Asianet Newsable
Petrol and diesel prices have risen for the third time in ten days across major Indian cities, with Delhi seeing petrol priced at ₹99.51 per litre and diesel at ₹92.49 per litre. The hikes are attributed to ongoing volatility in global oil markets, exacerbated by geopolitical tensions in West Asia.
- 01In Kolkata, petrol prices increased to ₹110.64 per litre and diesel to ₹97.02 per litre.
- 02Mumbai's petrol rates reached ₹108.49 per litre, while diesel prices rose to ₹95.02 per litre.
- 03Chennai's petrol prices are now ₹105.31 per litre, and diesel is priced at ₹96.98 per litre.
- 04The latest price hikes follow earlier increases earlier this week, with petrol in Delhi rising from ₹97.77 to ₹98.64 per litre.
- 05The Brent crude oil price has been over $100 per barrel due to the ongoing US-Israel and Iran conflict.
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On Saturday, petrol and diesel prices were raised across major metropolitan cities in India for the third time in less than ten days. In Delhi, petrol now costs ₹99.51 per litre, and diesel is priced at ₹92.49 per litre. Other cities also saw significant increases, with Kolkata's petrol reaching ₹110.64 and diesel ₹97.02, while in Mumbai, petrol hit ₹108.49 and diesel ₹95.02. Chennai reported petrol prices at ₹105.31 and diesel at ₹96.98 per litre. The price hikes are attributed to ongoing volatility in global energy markets, particularly due to geopolitical tensions in West Asia, which have caused Brent crude oil prices to hover above $100 per barrel. Despite these increases, the Indian government asserts that there is no fuel shortage, maintaining adequate energy supplies. The recent price adjustments come after a series of hikes earlier this week, reflecting the ongoing energy crisis exacerbated by conflicts affecting major oil supply routes.
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The rise in fuel prices may lead to increased transportation costs, affecting the prices of goods and services across the country.
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