Petrol and diesel prices were hiked once again on Saturday, marking the third increase in less than 10 days, as state-owned oil marketing companies continued to pass on the impact of rising global energy prices triggered by the ongoing West Asia conflict.
In Delhi, petrol prices were increased by 87 paise per litre, taking the retail rate from Rs 98.64 to Rs 99.51 per litre. Diesel prices rose by 91 paise, moving from Rs 91.58 to Rs 92.49 per litre.
This is the third revision in fuel prices since May 15, when oil companies began a calibrated increase in retail rates due to elevated crude oil prices and geopolitical uncertainty in the Middle East.
Earlier, petrol and diesel prices were raised by Rs 3 per litre on May 15, followed by another hike of around 90 paise on May 19.
With the latest revision, fuel prices have increased by nearly Rs 5 per litre within a span of 10 days, adding pressure on household budgets and transportation costs.
The recent hikes come amid concerns over disruptions in global energy markets due to escalating tensions in West Asia, which have pushed up crude oil prices internationally.
The continuous rise in fuel prices is also expected to impact inflation and logistics costs across sectors, including transportation and essential commodities.
