Fuel prices rise again: Check petrol and diesel rates in Delhi, Mumbai, Bengaluru, Kolkata

Petrol and diesel prices were increased by around 90 paise per litre on Tuesday marking the second fuel price revision within a week after public sector oil companies ended a prolonged freeze on fuel rates that had remained largely unchanged for nearly four yearsWith the latest increase petrol in Delhi now costs Rs 9864 per litre up from Rs 9777 while diesel prices rose to Rs 9158 per litre from Rs 9067 according to industry figuresThe latest revision follows the Rs 3 per litre hike announced on May 15 which was the first major increase in fuel prices since April 2022 The rise comes amid sharp increases in global crude oil prices due to tensions in West Asia and disruptions in international oil supply routesPetrol and diesel prices rise across metro citiesFuel prices have risen across all major Indian cities following Tuesdayrsquos revisionIn Mumbai petrol is now retailing at Rs 10759 per litre and diesel at Rs 9408 per litre Kolkata recorded the highest petrol price among the metro cities at Rs 10970 per litre while diesel there costs Rs 9607In Chennai petrol prices increased to Rs 10446 per litre and diesel to Rs 9611 Bengaluru recorded petrol prices at Rs 10712 per litre and diesel at Rs 9504Hyderabad continues to report some of the highest fuel rates in the country with petrol priced at Rs 11188 per litre and diesel nearing the Rs 100 mark at Rs 9995Global crude oil surge impacts domestic fuel ratesRetail fuel prices had remained mostly frozen since April 2022 despite volatility in global crude markets The only notable revision during this period came in March 2024 when petrol and diesel prices were cut by Rs 2 per litre ahead of the Lok Sabha electionsHowever crude oil prices have climbed sharply in recent months Industry estimates indicate that global oil prices have risen by over 50 per cent since late February following geopolitical tensions involving Iran and disruptions in the Strait of Hormuz one of the worldrsquos most important oil shipping routesOfficials said staterun oil companies have been under pressure due to mounting losses caused by the gap between international crude prices and domestic retail ratesCNG and LPG prices also witness increasesThe recent fuel hikes come alongside increases in compressed natural gas CNG and LPG pricesCNG prices were first raised by Rs 2 per kg in several cities including Delhi and Mumbai on May 15 Another increase of Re 1 per kg followed on SundayDomestic LPG cylinder prices were also revised upward in March with prices increasing by Rs 60 per cylinder Despite the hike oil marketing companies are reportedly continuing to incur losses on subsidised LPG salesOfficials estimate that companies are losing around Rs 674 on every 142kg domestic LPG cylinder soldCentre pushes fuel conservation measuresAmid rising energy prices and concerns over Indiarsquos oil import bill the Centre has urged citizens and institutions to reduce fuel consumptionPrime Minister Narendra Modi recently called for fuel conservation greater use of workfromhome arrangements and reduced travel wherever possibleSeveral state governments have also advised departments to cut nonessential travel and minimise physical meetings to lower fuel consumption and operational expensesPrivate retailers had revised prices earlierPrivate fuel retailers had already raised fuel prices before public sector companies announced revisions this monthNayara Energy increased petrol prices by Rs 5 per litre and diesel by Rs 3 per litre earlier this yearMeanwhile Shell raised petrol prices by Rs 741 per litre and diesel prices by Rs 25 per litre from April 1 In Bengaluru Shell currently sells petrol at Rs 11985 per litre and diesel at Rs 12352 per litreFuel prices in major cities on May 19 stood at Rs 9864 for petrol and Rs 9158 for diesel in Delhi Rs 10759 and Rs 9408 respectively in Mumbai Rs 10970 and Rs 9607 in Kolkata and Rs 10712 and Rs 9504 in Bengaluru