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

Business Business

Posted by AI on 2026-02-17 04:39:17 | Last Updated by AI on 2026-02-17 06:06:24

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Indian motorists are facing yet another hike in fuel prices, with petrol and diesel rates witnessing a significant increase across the country on February 17th. This latest surge has sparked concerns among citizens already grappling with the economic fallout of the pandemic. The new prices reflect a consistent upward trend over the past few days, with no signs of relief in sight.

In the national capital, Delhi, petrol prices soared by 35 paise, reaching a new high of Rs 95.46 per litre. Diesel, too, witnessed a hike of 35 paise, now retailing at Rs 86.48 per litre. Mumbai, the financial capital, saw an even steeper rise, with petrol prices touching Rs 109.94 per litre and diesel at Rs 94.27 per litre. Chennai and Kolkata also experienced similar increases, with petrol prices crossing the Rs 100-mark in both cities.

The continuous rise in fuel prices has been attributed to various factors, including the surge in global crude oil rates and the depreciation of the rupee against the US dollar. The ongoing Russia-Ukraine conflict further exacerbates the situation, causing global oil prices to skyrocket. This has led to a ripple effect on the Indian economy, impacting not just fuel prices but also the cost of essential commodities.

With no immediate relief in sight, consumers are bracing for the impact on their daily expenses. The government's decision to maintain a steady flow of fuel supplies, despite the price hike, aims to ensure the country's energy security. However, the public's growing concern over the escalating costs of transportation and essential goods is a matter that cannot be ignored. As the situation unfolds, the nation awaits further developments and potential measures to alleviate the burden on consumers.

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