Fuel prices across the country have continued to rise, adding fresh pressure on common citizens. On Monday, oil companies once again increased petrol and diesel prices, marking the fourth hike within the last 10 days. Following the latest increase, petrol in Delhi crossed ₹100 per litre and reached ₹102.12, while diesel rose to ₹95.20 per litre.
This time, petrol prices were increased by ₹2.61 per litre and diesel by ₹2.71 per litre. Over the past two weeks, fuel prices have risen by nearly ₹7 to ₹8 per litre.
Why Are Fuel Prices Rising?
Experts say that tensions in West Asia and uncertainty surrounding Iran have pushed global crude oil prices higher. Concerns over possible supply disruptions in the Strait of Hormuz have also affected international oil markets, directly impacting India.
India imports nearly 85% of its crude oil requirements, making domestic fuel prices highly sensitive to global market fluctuations.
Impact on Common People
The continuous rise in petrol and diesel prices is now affecting monthly household budgets. Transportation costs have increased, and experts warn that rising fuel prices may also lead to higher prices of daily essential goods.
In several cities, more people are reportedly shifting toward public transport such as buses and metro services to reduce expenses.
Social media platforms are also witnessing public frustration, with many users demanding relief from the government.
Opposition Targets Government
Opposition parties have criticized the government over the rising fuel prices. Mallikarjun Kharge described the situation as “fuel loot” and accused the government of increasing the financial burden on citizens.
Meanwhile, the government has stated that despite the global crisis, India is still trying to protect consumers compared to many other countries. Oil companies claim they are facing heavy losses due to rising international crude prices.
Could Prices Rise Further?
Experts believe that if crude oil prices continue to rise globally, petrol and diesel prices in India may increase further in the coming days. Some reports also suggest that oil companies could revise prices again to offset mounting losses.
The biggest question now remains whether common people will be able to cope with the growing fuel and inflation burden.
