Petrol and Diesel Prices Rise for Fourth Time in 10 Days as Global Crude Oil Surge Intensifies Pressure on Consumers

Petrol and Diesel Prices Rise for Fourth Time in 10 Days as Global Crude Oil Surge Intensifies Pressure on Consumers

Petrol and diesel prices were raised across India for the fourth time in 10 days as global crude oil prices neared 105 US dollars per barrel amid United States-Iran tensions and disruptions in the Strait of Hormuz. Opposition parties criticized the hikes, while analysts warned of rising transport costs, inflation, and higher food prices affecting households and farmers nationwide.

India witnessed another sharp increase in fuel prices as state-run oil marketing companies raised petrol and diesel rates across the country for the fourth time in just 10 days. The latest hike comes amid escalating global crude oil prices, which are nearing 105 US dollars per barrel due to rising tensions between the United States and Iran and disruptions in the Strait of Hormuz, a critical global oil transit route.

In the national capital, petrol prices climbed to Rs 102.12 per litre after an increase of Rs 2.61, while diesel prices reached Rs 95.20 per litre. Fuel rates surged further in several states because of varying local taxes and levies imposed by regional administrations. In Kolkata, petrol prices touched Rs 113.51 per litre, while Andhra Pradesh recorded some of the highest rates in the country with petrol prices reaching Rs 117.88 per litre.

The repeated hikes have triggered strong criticism from opposition leaders, who described the increase as a severe burden on households, transport operators, and farmers already struggling with rising living costs. Political leaders accused the government of failing to shield consumers from the impact of volatile global energy markets despite India continuing to import large volumes of discounted Russian crude oil.

Market analysts warned that the continuous rise in fuel prices is likely to increase transportation costs nationwide, which could eventually push up food prices and intensify inflationary pressure across multiple sectors. Economists stated that higher diesel costs, in particular, may significantly affect agricultural logistics and supply chains, leading to broader economic consequences.

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The latest fuel price revision has once again placed inflation and energy security at the center of national debate, with concerns growing over the long-term impact on consumers and economic stability if global crude oil prices continue their upward trend.

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