Agencies | New Delhi:
Petrol and diesel prices were increased once again on Tuesday, with fuel rates witnessing a fresh hike across all four major metro cities amid continued volatility in global crude oil markets.
The latest revision comes less than a week after fuel prices were raised by Rs 3 per litre following a sharp rise in international crude oil prices triggered by escalating tensions in West Asia.
In Delhi, petrol prices increased by 87 paise to Rs 98.64 per litre, while diesel prices rose by 91 paise to Rs 91.58 per litre.
According to the revised retail sale prices effective from May 19, Kolkata recorded the steepest increase in petrol prices among the metros, with rates rising by 96 paise to Rs 109.70 per litre.
In Mumbai, petrol prices climbed by 91 paise to Rs 107.59 per litre, while Chennai witnessed an increase of 82 paise, taking the petrol price to Rs 104.49 per litre.
Diesel prices also registered a fresh hike across the country’s major cities. In Kolkata and Mumbai, diesel prices rose by 94 paise each to Rs 96.07 per litre and Rs 94.08 per litre respectively. Chennai recorded an increase of 86 paise, pushing diesel prices to Rs 96.11 per litre.
The latest revision marks the second increase in fuel prices within a span of a few days, after petrol and diesel prices were earlier raised by Rs 3 per litre on Friday.
Revised Fuel Prices Across Metro Cities
Petrol Prices
- Delhi — Rs 98.64 per litre (+0.87)
- Kolkata — Rs 109.70 per litre (+0.96)
- Mumbai — Rs 107.59 per litre (+0.91)
- Chennai — Rs 104.49 per litre (+0.82)
Diesel Prices
- Delhi — Rs 91.58 per litre (+0.91)
- Kolkata — Rs 96.07 per litre (+0.94)
- Mumbai — Rs 94.08 per litre (+0.94)
- Chennai — Rs 96.11 per litre (+0.86)
The recent increase in fuel prices comes amid sharp fluctuations in global crude oil markets following the ongoing conflict involving the United States, Israel and Iran in West Asia.
According to reports, Brent crude prices have crossed USD 100 per barrel as concerns over supply disruptions intensified.
Alongside petrol and diesel, compressed natural gas (CNG) prices were also increased in the Delhi-NCR region on Sunday. CNG prices were raised by Rs 1 per kg, marking the second hike within two days.
With the latest revision, CNG now costs Rs 80.09 per kg in Delhi and Rs 88.70 per kg in Noida and Ghaziabad.
Union Minister Kiren Rijiju defended the recent increase in fuel prices, stating that India had managed to shield consumers from the full impact of the global energy crisis compared to several other countries affected by the West Asia conflict.
As quoted by ANI, Rijiju said several countries witnessed fuel price hikes ranging from 20 per cent to nearly 100 per cent, whereas India limited the increase to around 3.2 per cent for petrol and 3.4 per cent for diesel.
He also credited Prime Minister Narendra Modi for maintaining a balance between economic stability and public welfare during the ongoing global energy crisis.
