Petrol, diesel prices hiked: The hike in fuel prices comes after PM Modi urged nation to reduce consumption of fuel in backdrop of US-Iran war. Petrol prices were raised by state-run oil marketing companies by ₹3 per litre on Friday, days after Prime Minister Narendra Modi addressed the nation and urged citizens to reduce fuel consumption and adopt work-from-home practices amid rising energy concerns triggered by the US-Iran war.Petrol, diesel prices hiked: Check new fuel rates in Delhi, Mumbai, Kolkata, Chennai (AI generated image)In his address on Sunday, the Prime Minister also appealed to people to avoid buying gold for the next year, postpone foreign travel, and conserve fuel as global oil prices continue to surge due to the ongoing conflict.Also read | Petrol, diesel prices up by ₹3 per litre days after PM Modi's 'save' fuel' callThe hike in petrol prices, however, varied across cities because of differences in local taxes and levies.Check new prices of petrolCitiesNew prices (diesel)Increase (Rs)Delhi ₹90.67 ₹3.00Kolkata ₹95.13 ₹3.11Mumbai ₹ 93.14 ₹3.11Chennai ₹95.25 ₹2.86Check new prices of dieselCitiesNew Prices (Petrol)Increase (Rs)Delhi ₹97.77 ₹3Mumbai ₹106.68 ₹3.14Chennai ₹103.67 ₹2.83Kolkata ₹ 108.74 ₹3.29Union Petroleum Minister Hardeep Singh Puri had earlier hinted at a possible revision in fuel prices. Speaking at a Confederation of Indian Industry (CII) event in New Delhi on Tuesday, Puri said the government would eventually have to take a decision on increasing the prices of petroleum products such as petrol and diesel.Oil companies also raised concerns about facing mounting losses, adding that India was among the few countries to have kept fuel prices stable until now. State-owned firms had held prices steady for 11 weeks despite a sharp rise in input costs, but were eventually forced to pass on part of the burden once operations became financially unsustainable, PTI reported.Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.Read More