Petrol and diesel prices were increased by up to 91 paise per litre on Saturday, marking the third fuel price hike in less than 10 days amid rising global energy costs linked to tensions in West Asia.
According to the latest revision by state-owned oil marketing companies, petrol prices in Delhi rose by 87 paise per litre, increasing from Rs 98.64 to Rs 99.51. Diesel prices also witnessed a hike of 91 paise, moving up from Rs 91.58 to Rs 92.49 per litre.
The latest increase follows earlier revisions introduced after May 15, when public sector oil companies began gradually passing on the impact of elevated international energy prices to consumers.
Officials indicated that the price adjustments are part of a calibrated approach adopted in response to the ongoing West Asia conflict, which has contributed to volatility in global crude oil markets.
The repeated fuel price hikes are expected to affect transportation and daily household expenses, with concerns growing over their broader impact on inflation and consumer spending.
