Businesses will pay more for commercial LPG from June after fresh rate revisions, while the Centre says fuel stocks remain adequate and domestic cooking gas prices are unchanged.
Mumbai residents will pay more for both transport and household fuel after MGL announced fresh revisions in CNG and piped natural gas rates across the metropolitan region.
Repeated hikes in CNG, petrol and diesel prices across metro cities are expected to increase commuting and logistics costs, adding fresh pressure on consumers and transport operators.
A policy brief comparing global fuel-price trends during the Hormuz disruption claims India’s retail revisions remained among the lowest despite sharp increases in major economies.
The Centre has revised export duties on petroleum products, bringing back a levy on petrol exports while lowering taxes on diesel and aviation turbine fuel.
A sharp increase in petrol and diesel prices in Punjab has raised concerns over rising transport costs, agricultural expenses and a possible spike in essential commodity prices.
Commercial LPG prices have surged sharply across major cities, increasing cost pressure on businesses, while stable domestic gas rates offer temporary relief to households amid global fuel uncertainty.
Government highlights India’s rare price stability in fuel despite global oil surge, says oil firms absorbed costs while urging citizens to ignore viral misinformation on social media.
High-end fuels like XP100 and Xtra Green have become costlier in Delhi, while everyday petrol and diesel remain unchanged even as global oil markets stay volatile.
Government cuts fuel duty and reassures steady supply as global oil prices spike, while firmly rejecting speculation about lockdown and urging people to avoid panic.
