Fuel prices have increased by Rs 3 per litre for petrol and diesel. This is the first pump price hike in four years. The move aims to reduce losses for oil companies. However, it is expected to increase freight costs and inflation. More price revisions are anticipated in the coming weeks. CNG prices have also seen a rise.

Centre Hikes Petrol, Diesel Prices Amid Iran War

Petrol, diesel prices hiked: Oil companies on Friday announced a hike of Rs 3 per litre in petrol and diesel prices, pushing fuel rates higher across major metro cities.