- Petrol, diesel prices increased sharply across India Friday.
- Prices rose Rs 3/litre for petrol, Rs 3.11/litre for diesel.
- Global crude oil prices and weakening rupee caused the hike.
- West Asia conflict adds pressure, impacting supply and prices.
Petrol and diesel prices were increased across India from 6 am on Friday, pushing fuel costs sharply higher for consumers amid rising global crude oil prices and a weakening rupee.
Petrol prices have gone up by Rs 3 per litre, while diesel has become costlier by Rs 3.11 per litre. The hike comes after days of speculation that soaring international crude prices would soon impact domestic retail fuel rates.
Oil marketing companies finally revised the prices on Friday, passing on the burden of higher import costs to consumers. The increase is expected to affect household budgets as well as transportation expenses across the country.
Delhi Fuel Rates Climb Sharply After Revision
In the national capital, the price of regular petrol has risen from Rs 94.77 per litre to Rs 97.77 per litre following the latest revision.
Diesel prices in Delhi have also increased significantly. The rate has gone up from Rs 87.67 per litre to Rs 90.67 per litre.
The latest hike marks one of the sharpest upward revisions in recent months and reflects mounting pressure on fuel retailers amid volatile global energy markets.
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Crude Oil Volatility, Weak Rupee Behind Increase
The price revision has been attributed to fluctuations in international crude oil markets and the weakening of the Indian rupee against the US dollar.
India imports a large portion of its crude oil requirements, making domestic fuel prices highly sensitive to global market movements and currency trends.
In recent days, international crude prices have remained under pressure, increasing concerns that retail fuel costs in India would also move upward.
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West Asia Conflict Adds Pressure on Fuel Supply
The ongoing conflict in West Asia has further strained fuel supplies, contributing to uncertainty in the global oil market.
Supply disruptions and fears of shortages have continued to push crude prices higher internationally, with the impact now visible in domestic fuel rates.
The latest increase highlights how geopolitical tensions abroad are directly influencing fuel prices for Indian consumers, adding to inflationary concerns at home.
