Fuel Shock Continues: Petrol, Diesel Prices Jump Rs 2.61–2.71; Total Hike Crosses Rs 7.5 Per Litre in Two Weeks
Rising crude oil costs and rupee weakness push retail fuel prices sharply higher across the country
NEW DELHI, May 25: Petrol and diesel prices were increased once again on Monday, marking the fourth hike in less than two weeks as state-run oil marketing companies continued revising retail rates in response to rising international crude prices and currency pressure.
With the latest revision, fuel prices have risen by more than Rs 7.5 per litre since daily rate adjustments resumed on May 15 after a long period of stability.
In the national capital, petrol prices climbed by Rs 2.61 per litre, taking the retail rate to Rs 102.12 from the earlier Rs 99.51. Diesel prices also witnessed a sharp jump of Rs 2.71 per litre, reaching Rs 95.20 per litre compared to Rs 92.49 previously, according to industry sources.
The continued upward trend in fuel prices comes amid sustained volatility in global crude oil markets. Higher import costs, coupled with the weakening value of the rupee against the US dollar, have added to the financial burden on oil marketing companies.
Analysts believe the recent surge in international energy prices has forced fuel retailers to gradually pass on the increased costs to consumers after maintaining a freeze in retail rates for several months.
The repeated hikes are expected to impact household budgets and transportation expenses, while also increasing concerns over inflationary pressure in the broader economy. Rising diesel prices, in particular, may affect freight movement and the cost of essential commodities in the coming weeks.
Industry observers said further revisions in fuel rates would depend on global crude trends, geopolitical developments, and currency movements in the international market.
