New Delhi, May 15 (UNI) Fuel prices across the country have gone up sharply after oil marketing companies increased petrol and diesel rates by up to Rs 3 per litre, adding to the burden on consumers and transport operators.
Following the revision, petrol prices in Delhi rose from around Rs 94.77 per litre to Rs 97.77 per litre, while diesel prices climbed from Rs 87.67 per litre to Rs 90.67 per litre.
Similar hikes were reported in several metro cities, including Mumbai, Chennai, Kolkata, Bengaluru and Hyderabad.
The latest increase comes amid volatility in global crude oil markets and rising international energy costs, which have put pressure on domestic fuel retailers.
Industry observers said the revision reflects higher input costs faced by oil companies after a prolonged period of relatively stable retail fuel prices.
In Mumbai, petrol prices crossed the Rs 106 per litre mark, while diesel rates moved above Rs 94 per litre. Chennai and Kolkata also witnessed a steep rise in retail fuel rates after the revision.
The increase is expected to impact transportation costs, logistics expenses and daily household budgets, with sectors dependent on fuel consumption likely to face additional pressure in the coming weeks.
Commercial vehicle operators and delivery businesses are likely to feel the immediate impact of the increase, while consumers may see higher prices in goods and services due to elevated freight expenses.
The fuel price revision comes at a time when global crude prices remain uncertain amid geopolitical tensions and supply-related concerns in the international energy market.
