New Delhi, May 23: Amid a global crisis, fuel prices have risen once again in India. State-owned oil companies have increased petrol prices by ₹0.87 per liter and diesel by ₹0.91 per liter. Over the past ten days, the total increase has reached nearly ₹5 per liter.
Following the hike on Saturday, petrol in the national capital now costs ₹99.51 per liter, while diesel is priced at ₹92.49 per liter.
In addition to New Delhi, the new prices reflect ₹108.49 per liter in Mumbai, ₹110.64 per liter in Kolkata, and ₹105.31 per liter in Chennai for petrol. Diesel prices stand at ₹95.02 per liter in Mumbai, ₹96.98 per liter in Chennai, and ₹97.02 per liter in Kolkata.
This marks the third increase in fuel rates in ten days, driven by rising global crude oil prices. On May 15, state oil companies began gradually passing on the burden of increased energy costs to consumers due to ongoing conflicts in West Asia.
On May 15, prices rose by ₹3 per liter, followed by an increase of over ₹0.80 on May 19. After these adjustments, petrol reached ₹98.64 per liter and diesel ₹91.58 per liter.
In response to the rising fuel costs, leaders from the Bharatiya Janata Party (BJP) defended the decision. They compared the price hikes in India to those in other countries, claiming that India has imposed the least burden on its citizens among major economies.
Amit Malviya took to social media platform X, stating that since the outbreak of war in West Asia, petrol and diesel prices have surged globally. The closure of the Strait of Hormuz and disruptions in oil supply have kept Brent crude prices above $100 per barrel for most of April and May. This situation has impacted nearly every economy worldwide, but India has emerged as a notable exception in this scenario.
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