This marks the first major fuel price escalation since April 2022, coming nearly four years after a sustained period of relative stability. The development follows a previous reduction of ₹2 per litre in petrol and diesel prices implemented just before the 2024 general elections in March.
In the national capital, Delhi, petrol prices have increased from ₹94.77 per litre to ₹97.77 per litre, reflecting a rise of ₹3. Diesel prices have also climbed from ₹89.67 to ₹90.67 per litre.
In Mumbai, petrol prices have risen from ₹103.54 to ₹106.64 per litre, while diesel has increased from ₹90.03 to ₹93.14 per litre. The city, already among the most expensive fuel markets in the country, continues to experience elevated energy costs.
Kolkata recorded a petrol price increase of ₹3.29 per litre, moving from ₹105.45 to ₹108.74 per litre. Diesel prices in the city rose from ₹92.02 to ₹95.13 per litre.
In Chennai, petrol prices increased from ₹100.80 to ₹103.90 per litre, while diesel rose from ₹92.39 to ₹95.47 per litre. Bengaluru saw petrol prices climb from ₹102.96 to ₹106.17 per litre, with diesel increasing from ₹90.99 to ₹94.10 per litre.
In Noida, petrol prices rose from ₹94.74 to ₹98.04 per litre, while diesel increased from ₹87.81 to ₹91.31 per litre. In Gurugram, petrol rose from ₹95.30 to ₹98.29 per litre, with diesel increasing by approximately ₹3 to ₹90.77 per litre.
Hyderabad registered the steepest increase among major cities, with petrol prices rising by ₹3.39 per litre from ₹107.50 to ₹110.89 per litre. Diesel prices increased from ₹95.70 to ₹98.96 per litre.
In Patna, petrol prices rose from ₹105.54 to ₹108.55 per litre, while diesel increased from ₹91.78 to ₹94.63 per litre. In Lucknow, petrol rose from ₹94.73 to ₹97.55 per litre, and diesel increased from ₹87.86 to ₹90.82 per litre.
The surge in fuel prices has been attributed to a sharp increase in international crude oil rates, driven by heightened geopolitical tensions between the United States and Iran, along with broader instability in the Middle East. Brent crude oil prices have climbed to around $107 per barrel, while West Texas Intermediate crude has reached approximately $102 per barrel.
Oil companies have stated that crude prices crossing the $100 per barrel threshold have placed significant financial strain on operations. According to Union Petroleum Minister Hardeep Singh Puri, government oil marketing companies were incurring daily losses of nearly ₹1000 crore. Official estimates also indicated that before the price revision, companies were absorbing losses of up to ₹14 per litre on petrol, ₹42 per litre on diesel, and ₹674 per LPG cylinder.
Private sector oil companies had already implemented price increases ahead of government-owned firms. Nayara Energy raised petrol prices by ₹5 per litre and diesel by ₹3 per litre in March. Shell implemented sharper revisions from April, increasing petrol prices by ₹7.41 per litre and diesel by ₹25 per litre. In Bengaluru, Shell retail outlets are reportedly selling petrol at ₹119.85 per litre and diesel at ₹123.52 per litre.
The nationwide fuel price revision underscores the direct impact of global geopolitical instability on domestic energy markets, intensifying inflationary pressures and reshaping transportation and logistics costs across India.
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