Petrol, diesel, CNG get costlier: Check how much you’ll pay in your city

Oil companies on Friday announced a hike of around Rs 3 per litre in petrol and diesel prices across major cities amid rising global crude oil prices linked to the West Asia conflict.

Following the hike, petrol prices in the national capital rose from Rs 94.77 to Rs 97.77 per litre, while diesel prices increased from Rs 87.67 to Rs 90.67 per litre. The revised rates came into effect from Friday morning.

Kolkata recorded one of the steepest hikes among metro cities, with petrol prices rising by Rs 3.29 to Rs 108.74 per litre. Diesel prices in the city also increased by Rs 3.11 and now retail at Rs 95.13 per litre.

In Mumbai, petrol prices climbed by Rs 3.14 to Rs 106.68 per litre, while diesel rose to Rs 93.14 per litre. Chennai too saw a major rise, with petrol prices touching Rs 103.67 per litre and diesel rates reaching Rs 95.25 per litre.

Indian Oil Corporation revised fuel prices in Bengaluru, taking petrol rates from Rs 102.92 to Rs 106.17 per litre and diesel from Rs 90.99 to Rs 94.10 per litre. XP95 petrol prices were also increased to Rs 115.66 per litre.

Along with petrol and diesel, CNG prices in Bengaluru were also revised upward by Rs 2 per kg. The latest price of CNG in the city now stands at Rs 77.09 per kg, adding further pressure on transport and household budgets.

“There is no need to panic. There are sufficient supplies. There is no rationing in place. It's not going to happen,” Oil Secretary Neeraj Mittal said recently at the CII Annual Business Summit amid concerns over possible fuel shortages.

Officials said India is maintaining nearly 60 days of fuel stocks and close to 45 days of LPG inventories despite volatility in global energy markets and disruptions in international shipping routes linked to the Iran conflict.

Retail petrol and diesel prices had mostly remained frozen since April 2022, except for a Rs 2 per litre cut announced in March 2024 ahead of the Lok Sabha elections. State-run fuel retailers had absorbed rising international crude prices for months to shield consumers.

Oil Minister Hardeep Singh Puri recently said state-run oil marketing companies are losing around Rs 1,000 crore every day because retail fuel prices were not being revised despite soaring crude prices. He warned that prolonged high crude rates could lead to losses of nearly Rs 1 lakh crore in a single quarter.