Fuel prices across several Indian cities witnessed another increase on Monday as state-run oil marketing companies (OMCs) continue to struggle with mounting financial pressure caused by rising global crude oil prices.
According to industry reports, public sector oil companies are currently losing nearly ₹1,000 crore per day due to elevated international crude rates and delayed retail price adjustments. The latest revision has impacted petrol and diesel prices in major metro cities including Delhi, Mumbai, Kolkata, Chennai, Bengaluru, and Hyderabad.
In Delhi, petrol prices moved closer to the ₹108 per litre mark, while diesel prices also registered a noticeable rise. Mumbai continued to report some of the highest fuel prices in the country, with petrol rates remaining above ₹115 per litre in several areas.
Industry analysts say the latest fuel price hike is directly linked to the sharp increase in global oil prices following geopolitical tensions in the Middle East and concerns over supply disruptions. International crude benchmarks have remained volatile over the past few weeks, putting additional pressure on domestic fuel retailers.
Oil marketing companies including Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum are reportedly facing severe margin pressure as they attempt to balance consumer pricing with rising import costs.
Experts warn that continued increases in fuel prices could have a broader impact on inflation, transportation costs, logistics, and household spending across India. Higher fuel prices often affect sectors such as food delivery, e-commerce, aviation, public transport, and manufacturing.
Market observers are also closely monitoring the government’s response, including the possibility of excise duty adjustments or temporary relief measures if crude oil prices continue to remain elevated.
Meanwhile, consumers are advised to regularly check daily fuel price updates as rates continue to fluctuate depending on international oil movements and local taxation policies.
