Petrol and Diesel Prices Hiked for Third Time in Eight Days Across India
Petrol and diesel prices were raised for the third time in eight days on Saturday, increasing by an average of 90 paise per litre across all variants. This cumulative hike, since May 15, amounts to approximately ₹4.8 per litre for both fuels. CNG prices also rose by ₹1 a kg, with a cumulative increase of ₹4 a kg in North India. The hikes are attributed to rising crude oil prices and disruptions in energy supplies due to the West Asia conflict, putting increased pressure on oil marketing companies. Kolkata experienced a comparatively steeper hike.
Key Points
- Petrol and diesel prices increased for the third time in eight days, with an average hike of 90 paise per litre.
- The cumulative increase since May 15 is approximately ₹4.8 per litre for both petrol and diesel.
- CNG prices also saw a cumulative rise of ₹4 a kg in several North Indian cities.
- The price hikes are primarily driven by rising crude oil prices and energy supply disruptions due to the West Asia conflict.
- Kolkata recorded a steeper hike compared to other major metropolitan areas.
Exam Facts
- Average price hike: 90 paise per litre for petrol and diesel.
- Cumulative increase since May 15: approximately ₹4.8 per litre for both fuels.
- India's crude oil basket averaged $107.96 per barrel in May until Friday.
- Petrol price in Delhi rose to ₹99.51 per litre, and diesel to ₹92.49 per litre.
- CNG in Delhi is now priced at ₹81.09 per kg.
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