Overview
- State-run fuel retailers, which lifted prices Tuesday, raised petrol in Delhi to ₹98.64 per litre and diesel to ₹91.58 after a roughly 90 paise increase.
- The latest move follows Friday’s ₹3-per-litre jump, the first revision in more than four years after a long freeze on daily pricing since April 2022.
- The Petroleum Ministry says the recent hikes still leave about ₹750 crore in daily under-recoveries for public-sector oil companies.
- Officials say India has sufficient fuel stocks and no rationing is planned, even as pump prices rise across major cities including Mumbai, Kolkata and Chennai.
- Crude prices holding above $100 due to the West Asia conflict and Strait of Hormuz disruptions are pushing costs higher, with wholesale inflation at 8.3% in April and some analysts warning WPI could top 10% if pressures persist.