Petrol and diesel prices in India have risen by ₹3.08 per litre, with petrol nearing ₹98 and diesel surpassing ₹90. This change, effective immediately, ends weeks of speculation about potential larger hikes due to global oil supply disruptions. Economists note that while the increase is less severe than anticipated, it will still have significant ripple effects across the economy. Diesel, which powers much of India's transport sector, will lead to increased costs for transporting food and essential goods, likely resulting in higher prices for items like vegetables, dairy, and packaged foods. Airlines may also increase airfares as jet fuel prices rise, particularly during peak travel seasons. Additionally, app-based delivery services and ride-hailing fares could see gradual increases as companies adjust to higher fuel costs. The rural economy, heavily reliant on diesel for farming operations, will also feel the strain as cultivation and transport expenses rise. Overall, while the immediate hike may seem manageable, its long-term effects on inflation and everyday costs are expected to unfold over time.