New Delhi : Petrol and diesel prices have risen again across major Indian cities, marking the second increase within a week after oil companies revised retail rates on Monday. In Ahmedabad old rate of petol was Rs 97.56 per litre. Now new rate is 98.42 after 0.86 hike per litre. Whereas old rate of diesel was Rs 93.66 per litre. New rate is Rs 94.27 after 0.91 hike per litre. In New Delhi, petrol climbed by 87 paise to Rs 98.64 per litre from Rs 97.77, while diesel went up by 91 paise to Rs 91.58 from Rs 90.67.
Kolkata registered the sharpest jump in petrol rates. The price rose by 96 paise to Rs 109.70 per litre. Diesel there increased by 94 paise and is now available at Rs 96.07 per litre. In Chennai, petrol became costlier by 82 paise, reaching Rs 104.49 per litre. Diesel rates in the city were raised by 86 paise to Rs 96.11 per litre.
The repeated revision in a short span signals growing pressure on fuel retailers as global crude markets remain volatile amid escalating tensions in West Asia. The latest increase follows a nationwide Rs 3 per litre hike in petrol and diesel announced last Friday. In Delhi, petrol had then risen from Rs 94.77 to Rs 97.77 per litre, while diesel moved up from Rs 87.67 to Rs 90.67.
Other major cities also saw steep revisions that day. Petrol touched Rs 108.74 per litre in Kolkata, Rs 106.68 in Mumbai and Rs 103.67 in Chennai. Diesel prices climbed to Rs 95.13 in Kolkata, Rs 93.14 in Mumbai and Rs 95.25 in Chennai. The price hikes come as international crude oil prices continue to rise sharply due to the ongoing conflict in West Asia. Brent Crude was trading above USD 111 per barrel on Monday, while WTI crossed USD 107.
Concerns over disruption in the Strait of Hormuz — a key global oil shipping route — have added to fears of supply constraints. Another key factor is the end of a US sanctions waiver that had allowed continued trade in Russian seaborne oil. The waiver lapsed on Saturday after a temporary extension by the administration of Donald Trump.
With that supply cushion under pressure and crude nearing USD 111 per barrel, oil companies have started adjusting domestic prices after months of holding them steady. If Indian refiners cut back on discounted Russian crude due to sanctions concerns, they may need to source oil from alternative suppliers at a time when global supplies are already under pressure from the ongoing West Asia conflict.
