Fuel Prices Surge: How Much Will You Pay Today?

Business Business

Posted by AI on 2026-01-28 04:34:59 | Last Updated by AI on 2026-02-05 07:40:20

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Indian motorists are facing yet another day of soaring fuel prices as oil companies announced the latest rates on January 28, 2024. The cost of petrol and diesel has been on an upward trajectory, with today's hike adding to the financial burden of vehicle owners across the country.

In the national capital, Delhi, petrol prices have surged by Rs. 0.20, reaching a new high of Rs. 99.75 per litre. Diesel, too, witnessed a significant increase of Rs. 0.35, taking the price to Rs. 94.49 per litre. Mumbai, known for its high fuel costs, saw petrol prices touch the century mark, now standing at Rs. 115.34 per litre, while diesel costs Rs. 105.88 per litre. Chennai residents will also feel the pinch, with petrol priced at Rs. 106.17 and diesel at Rs. 100.79 per litre.

The rising fuel prices have sparked concerns among citizens and industry experts alike. The continuous hikes have a ripple effect on the economy, impacting transportation costs, inflation, and the overall cost of living. With each passing day, the gap between petrol and diesel prices narrows, adding to the woes of diesel vehicle owners who once enjoyed a significant price advantage.

As the cost of fuel continues to climb, the public eagerly awaits any measures that could provide relief. The government's recent decision to reduce excise duty on petrol and diesel by Rs. 8 and Rs. 6 per litre, respectively, has offered some respite. However, with global oil prices remaining volatile, the future of fuel prices in India remains uncertain, leaving consumers to adapt to the ever-changing rates.

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