Overview
- Retail petrol and diesel were unchanged after a series of four increases since mid‑May that have lifted pump prices by about ₹7.5 per litre.
- Oil marketing companies carried out the hikes to recover losses that built up during a more than two‑year freeze on daily pricing.
- The government cut export duties on petrol, diesel and aviation fuel for the fortnight starting June 1 to ease domestic pressure and officials say national stocks are sufficient.
- Analysts link the recent pass‑through to higher crude after US strikes on Iran and continued risks to shipments through the Strait of Hormuz, leaving future domestic prices exposed to further shocks.
- Other fuels have risen too — domestic LPG cylinders, CNG and piped natural gas saw near‑term price increases — and wide city‑level differences mean some consumers face much higher pump costs than others.