Fuel Prices Surge Amid Global Tensions: Petrol Hits ₹97.77, Diesel ₹90.67
Fuel Prices Hiked: Petrol Rises To Rs 97.77, Diesel To Rs 90.67 Per Litre Amid Iran War
News 18
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The Indian government has raised petrol and diesel prices by approximately ₹3 per litre due to global supply disruptions linked to the US-Iran war. Petrol now costs ₹97.77 per litre while diesel is priced at ₹90.67, prompting panic buying at fuel stations across the country.
- 01Petrol prices increased to ₹97.77 per litre, and diesel to ₹90.67.
- 02The price hikes are attributed to global supply disruptions amid the US-Iran conflict.
- 03Oil firms were reportedly losing over ₹1,000 crore daily due to the energy crisis.
- 04Panic buying was observed at petrol stations as rumors of a fuel shortage spread.
- 05State-wise fuel prices have also seen significant increases.
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On Friday, the Indian government announced a price hike for petrol and diesel, with petrol rising by ₹3.14 to ₹97.77 per litre and diesel increasing by ₹3.11 to ₹90.67 per litre. This decision comes amid global supply disruptions caused by the ongoing US-Iran war, leading to fears of fuel shortages. The revised prices vary across states, with petrol costing ₹108.74 in Kolkata and ₹106.68 in Mumbai, while diesel prices range from ₹90.67 in Delhi to ₹95.25 in Chennai. Reports indicate that oil companies were incurring losses exceeding ₹1,000 crore daily, prompting the need for these adjustments. The announcement has led to panic buying at fuel stations, as consumers rush to fill their tanks before prices potentially rise further.
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The increase in fuel prices will likely lead to higher transportation costs, affecting the prices of goods and services across the country.
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