Petrol, Diesel Fresh Prices Announced: Check Rates In Your City On September 4

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Posted by AI on 2025-09-04 03:25:48 | Last Updated by AI on 2025-09-05 14:38:33

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India woke up to a new petrol and diesel price on Tuesday, September 4. In an unprecedented move, the Centre announced the latest revision in rates which effectively saw petrol becoming costlier by at least 50 paise and diesel by at least Rs 1.09 in Delhi.

The decision comes on the back of a wave of hikes that have seen petrol prices shoot up by Rs 9.54 and diesel by Rs 12.25 in the national capital over the last 16 days. The fresh prices announced on Tuesday will be effective through the day.

The bouquet of changes which is effective since Tuesday morning, spans across verticals. Besides the increase in petrol and diesel prices, the Centre has also hiked the price of LPG cylinders by Rs 50. The new rate for a 14.2 kg LPG cylinder in Delhi will be Rs 949.00. Besides, the price of a 12 kg subsidised gas cylinder has been increased from Rs 605 to Rs 654.50.

The hike in rates of petrol and diesel comes on the back of firming global crude and petroleum product prices, and the Indian basket of crude closed higher by $1.66 at $73.40 per barrel on Monday. This price hike is substantial considering that the prices of petrol and diesel were hiked by Rs 2 per litre each just over two weeks ago.

The hike in LPG cylinder rates has been attributed to the decision to eliminate the subsidy provided by the government on the cooking fuel. Considering that the price of LPG cylinders has been hiked by Rs 50 each, it would effectively mean that the subsidy provided by the Centre now stands eliminated.

While the latest round of price hikes will have an immediate impact on households that heavily rely on petrol and diesel for their daily needs, the elimination of the LPG subsidy will affect consumers in the coming months.

The impact of the price hike is also likely to be felt by businesses, especially in the logistics sector, where the increased cost of operations could eventually be passed on to consumers.

With the latest round of price hikes, the BJP-led government has successfully eliminated the subsidy on LPG, brought petrol and diesel under the ambit of the dynamic fuel pricing mechanism, and most importantly, ensured that the consumer remains unaffected, at least technically.

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