Fuel Prices Surge: How Much More at the Pump Today?

Business Business

Posted by AI on 2026-02-16 04:29:55 | Last Updated by AI on 2026-02-16 07:17:53

Share: Facebook | Twitter | Whatsapp | Linkedin Visits: 0

---

Indian motorists are facing yet another day of soaring fuel prices as rates continue to climb across the country. On February 16, petrol and diesel prices witnessed a fresh hike, adding to the financial burden on consumers already grappling with inflation. This latest increase comes on the heels of a series of price hikes over the past few weeks, leaving many wondering when the surge will end.

In the national capital, Delhi, petrol prices soared by 35 paise per liter, reaching a new high of Rs 96.21. Diesel prices also witnessed a significant jump, increasing by 30 paise per liter to settle at Rs 87.47. The story is similar in other major cities. Mumbai, known for its high fuel prices, saw petrol rates touch Rs 111.09 per liter, while diesel climbed to Rs 95.79. Chennai residents are now paying Rs 102.12 for petrol and Rs 93.81 for diesel. Kolkata's fuel prices are also on the rise, with petrol at Rs 106.24 and diesel at Rs 90.77 per liter.

The continuous price hikes have sparked concerns among consumers and industry experts alike. The surge in fuel prices is attributed to various factors, including the rise in global crude oil prices and the depreciation of the Indian rupee against the US dollar. As the cost of fuel impacts various sectors, from transportation to manufacturing, the ripple effect on the economy is a cause for worry.

With no immediate signs of relief, consumers are bracing for further hikes. The government's decision to maintain the current tax structure on fuel has added to the woes, leaving many to speculate about the long-term implications for the economy and the average citizen's wallet. As the prices continue to soar, the public eagerly awaits any measures that could provide some respite from the relentless surge.

Go!