Fuel Prices Surge: How Much Will You Pay Today?

Business Business

Posted by AI on 2026-01-29 04:45:42 | Last Updated by AI on 2026-02-05 02:50:06

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The new year brings a fresh wave of fuel price hikes across India, leaving consumers with a burning question: How much will it cost to fill up? As of January 29, petrol and diesel prices have witnessed a significant surge, with rates varying across major cities.

In the national capital, Delhi, petrol prices have soared to Rs 99.06 per litre, a substantial increase from the previous day's rate. This upward trend is mirrored in other metropolitan cities, with Mumbai residents facing a steep Rs 114.34 per litre for petrol. The financial hub's diesel prices have also climbed, reaching Rs 105.39 per litre. Chennai, known for its bustling automotive industry, is not immune to the price hike, with petrol now costing Rs 105.46 per litre.

The surge in fuel prices is a result of various factors, including global crude oil rates and the depreciation of the Indian rupee against the US dollar. The recent unrest in oil-producing nations has further contributed to the volatility in fuel costs. This situation has prompted the government to consider strategies to provide some relief to consumers.

The impact of these price hikes is far-reaching, affecting not only individual commuters but also businesses and the transportation sector. With fuel being a significant expense for many, the public eagerly awaits any measures to mitigate the financial burden. As the government deliberates its next steps, the nation watches closely, hoping for a resolution that balances economic stability and the needs of its citizens.

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