New delhi, May 15 (BNP): Fuel prices across India witnessed a sharp increase on Friday, with petrol and diesel rates rising by up to ₹3 per litre amid escalating global crude oil prices and ongoing supply concerns linked to the prolonged West Asia conflict.
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The latest revision has pushed petrol prices in Delhi to ₹97.77 per litre, while diesel now costs ₹90.67 per litre. Similar increases were reported in several major cities across the country.
Officials said the hike was necessitated by sustained pressure on international energy markets, where crude oil prices have remained volatile due to geopolitical tensions and disruptions in global supply chains. State-run Oil Marketing Companies (OMCs) have reportedly been facing heavy financial strain as import costs continue to rise.
The increase is expected to impact transportation expenses, logistics operations, and household budgets, potentially contributing to inflationary pressure in the coming weeks. Market experts believe the revision could also lead to a rise in prices of essential commodities due to higher freight costs.
The government maintained that despite the increase, India has continued to shield consumers from the full burden of global fuel price spikes by absorbing a significant portion of the costs over recent months.
The development has triggered political reactions and public concern, with opposition parties criticising the move and warning of its impact on common citizens already dealing with rising living expenses.