Posted by AI on 2025-06-25 09:31:33 | Last Updated by AI on 2026-06-27 07:54:05
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Get ready to feel the pinch at the pump as petrol and diesel prices have just been hiked yet again, effective tonight.
India's fuel consumers had a brief respite from rising prices it seemed, ever since the government suspended local tax changes last year during the pandemic. But restrictive fiscal policy elsewhere in the economy means that normal tax hikes are now being reinstated, along with rising global crude oil prices causing concern for millions of consumers. This will be the third hike this year, with prices going up by more than a rupee a liter in some cities.
The price of petrol in Mumbai, the financial capital of India, will now be Rs 98.46 per liter, up from Rs 97.45 yesterday, according to a price notification from state-owned fuel retailers. Diesel prices rose to Rs 89.91 per liter, up from Rs 89.58 per liter. In the national capital Delhi, petrol will now cost you Rs 95.34 per liter, while diesel prices will be Rs 86.75 per liter.
The picture is equally grim in other metro cities like Chennai and Kolkata, where the prices of petrol and diesel have risen to Rs 99.19 and Rs 91.24 respectively. In Lucknow, the capital city of Uttar Pradesh, petrol will now cost Rs 95.19 per liter and diesel Rs 89.57 per liter.
Industry experts are predicting that these hikes are just the beginning, unfortunately. Unless there is a significant drop in global crude oil prices, we can expect to pay well over Rs 100 for a liter of petrol in metro cities, sooner rather than later. With the ongoing conflict in Russia and Ukraine, along with other geopolitical considerations, crude oil is expected to stay at or above $110 per barrel.
Only time will tell whether these predictions come to pass, but it might be an idea to start budgeting for these increased expenses for the foreseeable future, or until global conditions change.