New Delhi : Petrol and diesel prices have been increased across India following a sharp rise in international crude oil prices, bringing fresh concerns over inflation and rising household expenses. Oil marketing companies on Friday announced a hike of around ₹3 per litre for both petrol and diesel in several major cities.

With the latest revision, petrol prices in Delhi crossed ₹97 per litre, while diesel prices moved above ₹90 per litre. Similar increases were reported from Mumbai, Kolkata, Chennai, Bengaluru, Bhubaneswar, and other cities. The hike marks one of the most significant fuel price increases in recent years.

Officials from the petroleum sector said the decision was taken after state-run oil companies faced mounting financial pressure due to rising global crude prices. International oil rates have surged in recent weeks amid tensions in West Asia and concerns over disruptions in global fuel supply chains. Increased shipping costs and market uncertainty have further pushed up crude prices in the global market.

Experts believe the fuel price rise could affect the prices of essential goods and services in the coming weeks. Transportation costs are expected to rise, which may eventually lead to higher prices for vegetables, food products, consumer goods, and public transport services. Economists have also warned that the increase could contribute to inflation if crude oil prices remain high for an extended period.

Transport operators and logistics companies are closely monitoring the situation and may revise fares and freight charges soon. Many citizens expressed concern over the impact of rising fuel costs on their monthly budgets, especially at a time when food and utility prices are already increasing.

The Central Government has appealed to people to use fuel carefully and avoid unnecessary consumption. Sources said authorities are also reviewing additional measures to reduce pressure on consumers and maintain stability in the energy sector.

Reports indicate that oil marketing companies had been absorbing heavy losses for several weeks by keeping retail fuel prices unchanged despite the continuous rise in crude oil rates globally. Industry analysts stated that the latest revision was aimed at balancing operational losses and ensuring uninterrupted fuel supply across the country.

Meanwhile, shares of major public sector oil companies witnessed fluctuations in the stock market after the announcement. Investors remain cautious as global energy prices continue to remain volatile.

Analysts say the future course of fuel prices will largely depend on developments in the international market and geopolitical conditions in oil-producing regions. If crude oil prices continue to rise globally, further revisions in petrol and diesel rates may become unavoidable in the coming months.

The latest fuel price increase has once again brought the issue of inflation and energy dependence into focus, with consumers hoping for relief if international oil markets stabilize soon.

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