Petrol, diesel prices hiked by Rs 3 per litre effective immediately; check new list of rates

Petrol, diesel prices hiked: Oil companies connected Friday announced a hike of Rs 3 per litre successful petrol and diesel prices successful Delhi, pushing substance rates higher crossed large metro cities.The Centre has repeatedly asserted that determination is nary substance shortage successful the state and nary program to present rationing of petrol, diesel oregon LPG contempt disruptions successful planetary vigor shipments linked to the Iran struggle and the Strait of Hormuz crisis.“There is nary request to panic. There are capable supplies. There is nary rationing successful place. It's not going to happen,” Oil Secretary Neeraj Mittal said precocious astatine the CII Annual Business Summit.Officials said India presently maintains astir 60 days of substance stocks and astir 45 days of LPG inventories contempt continuing volatility successful planetary vigor markets.

Petrol, diesel prices hiked today: Check city-wise database of caller rates

According to quality bureau ANI, petrol successful the nationalist superior volition present outgo Rs 97.77 per litre, up from Rs 94.77, portion diesel prices person risen to Rs 90.67 per litre from Rs 87.67.

The revised rates came into effect connected Friday.

The summation has besides pushed substance prices supra Rs 100 per litre successful respective cities. In Kolkata, petrol volition present retail astatine Rs 108.74 per litre aft a hike of Rs 3.29, portion diesel has gone up by Rs 3.11 to Rs 95.13 per litre.In Mumbai, petrol prices person risen by Rs 3.14 to Rs 106.68 per litre, portion diesel present costs Rs 93.14 per litre pursuing an summation of Rs 3.11. Chennai besides saw a crisp rise, with petrol prices climbing by Rs 2.83 to Rs 103.67 per litre and diesel rates expanding by Rs 2.86 to Rs 95.25 per litre.

India had truthful acold avoided increases successful petrol and diesel prices, choosing alternatively to sorb the unit done state-run lipid selling companies (OMCs), taxation adjustments and proviso absorption measures.According to authoritative discussions reviewed during caller authorities briefings, OMCs are estimated to beryllium losing betwixt Rs 1,000 crore and Rs 1,200 crore each time due to the fact that of elevated crude prices and unchanged pump rates.Under-recoveries are estimated to person approached astir Rs 2 lakh crore during the archetypal 4th of 2026.India imports astir 90 per cent of its crude lipid requirements, making the system highly susceptible to planetary vigor terms shocks.