Petrol and diesel prices increased again on Saturday, marking the third fuel price hike in the last 10 days. Petrol prices went up by 87 paise per litre, while diesel became costlier by 91 paise per litre. As a result, petrol in Delhi now costs Rs 99.51 per litre, whereas diesel is priced at Rs 92.49 per litre.

State-run oil marketing companies introduced the latest hike as they continued to pass on the impact of rising global crude oil prices triggered by the ongoing Middle East conflict.

Fuel Prices Jump Nearly Rs 5 Per Litre Since May 15

Oil companies first increased petrol and diesel prices by Rs 3 per litre on May 15. Then, they announced another hike of around 90 paise on May 19. Now, with Saturday’s revision, fuel prices have increased by nearly Rs 5 per litre in just 10 days.

Consequently, the repeated hikes are putting additional pressure on household budgets and transportation costs across the country.

Government Rejects Fuel Shortage Rumours

Meanwhile, the Ministry of Petroleum and Natural Gas dismissed rumours about a fuel shortage in India just a day before the latest price hike. The ministry assured citizens that petrol and diesel supplies remain stable nationwide.

"India has adequate availability of petrol and diesel supplies across the country continue to remain stable. Citizens are advised to avoid panic buying and purchase fuel only as per actual requirement. Temporary pressure at some retail outlets is being addressed through continuous supply monitoring and coordinated distribution efforts by Oil Marketing Companies," read a tweet by the ministry.

Furthermore, the ministry urged people to use fuel responsibly and cooperate with authorities to maintain smooth supply during the ongoing period of high demand.

Latest Petrol Prices in Delhi, Mumbai, Kolkata and Chennai

Here are the revised petrol prices in major metro cities:

• Delhi: Rs 99.51 per litre (+87 paise)
• Kolkata: Rs 110.64 per litre (+94 paise)
• Mumbai: Rs 108.49 per litre (+90 paise)
• Chennai: Rs 105.31 per litre (+82 paise)

Updated Diesel Prices in Major Metro Cities

Here are the updated diesel prices across metro cities:

• Delhi: Rs 92.49 per litre (+91 paise)
• Kolkata: Rs 97.02 per litre (+95 paise)
• Mumbai: Rs 95.02 per litre (+94 paise)
• Chennai: Rs 96.98 per litre (+87 paise)

Rising Fuel Prices Could Increase Cost of Essential Goods

Experts warned that continuous fuel price hikes could increase transportation and logistics costs in the coming weeks. As fuel expenses rise, businesses may also raise the prices of essential commodities, food items, and daily-use products.

Moreover, the latest increase is likely to affect commuters, transport operators, and businesses that heavily rely on fuel for daily operations and deliveries.