Petrol and diesel to rise by nearly a rupee a litre, according to dealers

Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil…

Petrol and diesel prices were hiked again across India, marking a second increase in a week, with sharp rises in Delhi, Mumbai, Kolkata and Chennai.

Petrol and diesel prices were increased by around 90 paise per litre on Tuesday, marking the second fuel price hike in less than a week.

Petrol and diesel prices have been hiked for the second time in five days, with petrol now at Rs 98.64 and diesel at Rs 91.58 per litre in New Delhi.

The latest revision follows an increase of ₹3 per litre each in both fuels last week. | India News

Earlier, the central government increased the prices of petrol & diesel by Rs 3 per litre each on May 15 across the country.

Petrol and diesel to rise by nearly a rupee a litre, according to dealers

India raised fuel prices for the second time in less than a week as soaring crude costs squeeze refiners and strain the broader economy.

Sujata Sharma, a joint secretary in the oil ministry, says state fuel retailers have been losing 7.5 billion Indian rupees daily.

New Delhi, May 19 (PTI) Petrol and diesel prices were raised by about 90 paise per litre on Tuesday – the second increase in less than a week – as state-run fuel retailers moved…