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.
Unchanged fuel prices can be attributed to softening of global crude prices
Fuel prices are already touching new highs everyday. Petrol price is most expensive in Rajasthan's Sri Ganganagar where it is now retailing at Rs 109.67 a litre. Even diesel in the city is priced at a high of Rs 102.12 a litre.
Several citizens are now considering stop using their bikes and looking for an economic alternative.
With fuel prices remaining unchanged on Friday, petrol continued to cost Rs 97.76 per litre and diesel Rs 88.30 per litre in Delhi.
With fuel prices remaining unchanged on Wednesday, petrol continues to cost Rs 97.50 per litre and diesel Rs 88.23 per litre in Delhi.
