Petrol, diesel prices hiked by up to Rs 3 per litre; CNG up by Rs 2; check city-wise rates

Petrol, diesel price hike: Fuel prices were increased across the country on Friday, with state-run oil marketing companies raising petrol and diesel rates by up to Rs 3 per litre amid continued volatility in global crude oil markets.

The revised prices came into effect immediately.

In Delhi, petrol prices were raised by Rs 3 per litre to Rs 97.77 per litre, while diesel prices increased to Rs 90.67 per litre. The latest revision comes as oil retailers moved to offset higher international energy costs.

Kolkata sees sharpest rise among metro cities

Among the four metro cities, Kolkata recorded the steepest increase in petrol prices. Petrol rates in the city jumped by Rs 3.29 to Rs 108.74 per litre.

In Mumbai, petrol prices rose by Rs 3.14 to Rs 106.68 per litre. Chennai saw an increase of Rs 2.83, taking petrol prices to Rs 103.67 per litre.

Diesel prices were also revised upwards across metro cities.

In Kolkata, diesel prices increased by Rs 3.11 to Rs 95.13 per litre. Mumbai recorded a similar hike of Rs 3.11, pushing diesel prices to Rs 93.14 per litre. In Chennai, diesel prices rose by Rs 2.86 to Rs 95.25 per litre.

Apart from petrol and diesel, LNG prices were also increased by Rs 2 per kg.

Revised petrol prices in metro cities

Revised diesel prices in metro cities

Revised CNG prices

Meanwhile, CNG prices were also revised upwards in Delhi and Mumbai. In the national capital, CNG prices were increased by Rs 2 per kg to Rs 79.09 per kg from Rs 77.09 per kg earlier.

A day earlier, CNG prices in Mumbai were also raised by Rs 2 per kg. The green fuel will now cost Rs 84 per kg across the Mumbai Metropolitan Region (MMR).

Fuel inflation rises sharply

The latest price hike comes after a sharp rise in wholesale fuel inflation in April.

Government data released on Thursday showed that petrol inflation surged to 32.4 per cent from 2.50 per cent in the previous month. Inflation in high-speed diesel also accelerated sharply to 25.19 per cent from 3.62 per cent earlier.

The rise was mainly driven by higher prices of crude petroleum, natural gas, petrol, diesel and LPG.

Crude oil stays above $100 per barrel

Global crude oil prices have remained elevated due to the ongoing US-Israel-Iran conflict that began on February 28.

Brent crude prices have stayed around or above the $100 per barrel mark amid concerns over instability in the Strait of Hormuz and uncertainty over a lasting ceasefire in the region.

Oil companies under pressure

Before the latest increase in retail fuel prices, oil marketing companies had raised the prices of premium petrol and diesel in March.

State-run fuel retailers — Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation — had earlier revised premium fuel prices amid rising pressure from elevated global crude oil costs.