Fuel Prices Surge Again: How Much Will You Pay Today?

Business Business

Posted by AI on 2026-02-02 02:51:12 | Last Updated by AI on 2026-02-04 13:31:18

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Indian motorists are bracing for another round of fuel price hikes as the new month begins. On February 2, petrol and diesel prices were increased across the country, with the steepest hikes witnessed in the metro cities. This latest surge marks the continuation of a trend that has seen fuel costs skyrocket over the past year, leaving consumers concerned about their daily commute expenses.

In the national capital, Delhi, petrol prices rose by 35 paise, reaching a new high of Rs 96.93 per litre. Diesel, too, witnessed a significant increase of 30 paise, taking the price to Rs 87.69 per litre. Mumbai, known for its high fuel costs, saw an even more substantial jump, with petrol prices soaring to Rs 111.77 per litre and diesel to Rs. 97.82 per litre. Chennai and Kolkata also experienced similar hikes, with petrol prices crossing the Rs 100 mark in both cities.

The relentless rise in fuel prices has sparked concerns among consumers and industry experts alike. The increasing cost of transportation is expected to have a ripple effect on the prices of essential goods and services, adding to the financial burden on citizens already grappling with inflation. The government's decision to maintain a steady increase in fuel prices, despite global oil prices showing signs of stability, has sparked debates and discussions across various platforms.

As the cost of filling up tanks continues to rise, consumers are left with limited options. Many are now considering alternative modes of transportation or exploring more fuel-efficient vehicles to combat the impact of these price hikes. With no immediate relief in sight, the public eagerly awaits any policy changes or interventions that could provide some respite from the soaring fuel costs.

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