Fuel prices across India have gone up once again, with petrol and diesel rates increased by nearly 90 paise per litre on Tuesday. This marks the second hike in less than a week, adding more pressure on consumers already dealing with rising living costs. According to oil marketing companies, the latest revision has pushed petrol prices closer to the ₹100-per-litre mark in several major cities. Diesel prices have also seen a sharp increase, affecting transport and logistics sectors across the country.

In Delhi, petrol is now being sold at around ₹98.64 per litre, while diesel prices have crossed ₹91 per litre. Similar increases have been reported in Mumbai, Chennai, Kolkata, and other metro cities. The back-to-back fuel price hikes are largely linked to rising crude oil prices in the international market. Ongoing geopolitical tensions in the Middle East and concerns over global oil supply have led to higher import costs for countries like India, which depends heavily on crude oil imports.

Industry experts believe the rising fuel prices may have a direct impact on inflation in the coming weeks. Increased transportation costs often lead to higher prices for essential goods, including vegetables, food items, and daily-use products. The latest increase has triggered mixed reactions among citizens. While some people expressed concern over the growing burden on household budgets, others fear that continuous hikes could further affect businesses and public transportation costs.

Economists say fuel prices in India are influenced by multiple factors, including global crude oil rates, taxes, transportation costs, and the rupee-dollar exchange rate. If international oil prices continue to remain high, consumers may see further revisions in fuel rates. Vehicle owners and businesses alike are keeping a close watch on future developments as fuel costs continue to remain a major concern for the economy and everyday life.

Disclaimer: This image is taken from NDTV.