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The Latest Breaking News from Petrol

UK drivers struggle to get insurance for Chinese EVs such as Jaecoo

Firms do not offer cover for some models, or charge more than for equivalent petrol cars, research finds

The Guardian - UK

Petrol, diesel price hike may trigger chain reaction across economy, say experts

Rising petrol and diesel prices are poised to escalate India's retail inflation, with economists forecasting a significant ripple effect on household expenses. Analysts predict fuel price hikes could add 10-25 basis points to headline inflation, impacting transportation, logistics, and manufactured goods. This surge, coupled with increasing milk prices, is expected…

The Economic Times

CM Revanth Reddy slams PM Modi over petrol, diesel price hike, seeks immediate rollback

Telangana Chief Minister A Revanth Reddy has demanded the central government roll back the recent increase in petrol and diesel prices. He stated the hike is unjustifiable and will negatively impact various sectors. Reddy claimed the decision, made shortly after election results, betrays public trust. He also highlighted the weakening…

The Economic Times

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Govt imposes ₹3/litre windfall tax on petrol exports; cuts diesel, ATF levies

The government has introduced a windfall gains tax of Rs 3 per litre on petrol exports. Levies on diesel exports are now Rs 16.5 per litre, and on aviation turbine fuel, they are Rs 16 per litre. These changes are effective from May 16.

The Economic Times

Economists warn fuel, milk price hikes may raise retail inflation by up to 0.42%

Retail inflation is set to rise by 0.42 percent due to increased fuel and milk prices. Economists predict broader impacts on transportation, logistics, and food costs. Petrol and diesel prices saw a hike of Rs 3 per litre. Milk prices also increased by Rs 2 per litre. These changes will…

The Economic Times

Petrol price hiked up to Rs 108, CNG in Delhi at Rs 79: How much extra you now need to pay for your car; Petrol Vs CNG comparisons for Delhi, Mumbai, Kolkata, Chennai

Recent petrol price hikes across metropolitan cities and increased CNG costs in Delhi and Mumbai are impacting car owners. For those commuting 1,000 km monthly, the additional fuel expenses can range from a few hundred to a few thousand rupees. Despite the price adjustments, CNG cars continue to offer significant…

The Economic Times

Very small rise in fuel price revision: Indian Oil chief says company working round the clock to ensure full capacity availability

Indian Oil refineries are running at over 100 percent capacity. This ensures no fuel shortage at retail outlets. Prices for petrol and diesel have seen a small increase. The company is also focusing on alternative energy. Two hydrogen-powered buses have been provided to Delhi Metro. These buses offer zero emissions.

The Economic Times

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A Rs 3 hike makes India’s inflation battle somewhat harder

Indian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses of Rs 1,000-1,200 crore due to the Iran war. This move is expected to add inflationary pressure, impacting transportation, logistics, and retail goods costs.

The Economic Times

Are Petrol Pumps Really Closing Every Sunday?

Imagine driving to a petrol pump on a Sunday morning Only to find the gates locked. That exact fear spread rapidly across social media after a viral message claimed petrol pumps would remain closed every Sunday in several Indian states following Prime Minister Narendra Modi’s fuel conservation appeal. Within hours,…

MyLifeXP

Petrol, diesel prices hiked by Rs 3/litre: Here’s what top economists have to say

Fuel prices in India saw their first increase in over four years on Friday. Petrol and diesel prices rose by approximately Rs 3 per litre. This move by state-run oil companies aims to address mounting losses due to soaring global crude oil prices. The escalation in West Asia and disruptions…

The Economic Times

Mallikarjun Kharge calls fuel price hike "Modi-govt-made crisis," alleges leadership failure amid West Asia conflict

Congress leader Mallikarjun Kharge criticizes the central government over rising petrol and diesel prices. He labels the situation a 'Modi-government-made crisis' and blames leadership failure for the economic burden on citizens. Kharge highlights the cascading effect of inflation from fuel price increases. Union Minister Kiren Rijiju defends the hike, stating…

The Economic Times

6 Best Family EVs In India That Changed Everything

Buying a family car in 2026 is no longer just about mileage or looks. Today, families want everything in one package comfort for parents, entertainment for children, huge boot space for vacations, strong safety ratings, low running costs, and technology that actually feels futuristic. That is exactly why electric cars…

MyLifeXP

Petrol, diesel price hike impact: From milk, onions, Blinkit deliveries to Uber fares & others, here's all that may get costlier

Petrol, diesel price hike impact: Centre’s Rs 3 per litre hike in petrol and diesel prices may not feel massive immediately, but its ripple effect could slowly hit everyday expenses — from vegetables and milk to Blinkit deliveries, cab rides, and even flight tickets. Since fuel powers transport across India,…

The Economic Times

The Rs 3 relief that wasn't: Why investors are dumping oil stocks after long-awaited petrol, diesel price hike

Shares of HPCL and BPCL fell up to 3% despite the first fuel price hike since 2022, as investors worried the increase would not offset mounting losses. Analysts estimate OMCs could still lose nearly Rs 500 crore daily at current crude prices. With Brent crude above $100 and West Asia…

The Economic Times

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The Economic Times

Karnataka Deputy CM D K Shivkumar slams petrol and diesel price hike, calls it Modi's 'Gift'

Karnataka Deputy Chief Minister D K Shivakumar slammed Prime Minister Narendra Modi's call for fuel saving and postponed gold purchases, calling it a "gift" amidst a "tragic situation" for the country. He argued that such measures are impractical for citizens.

The Economic Times

Fuel price hike may push up freight costs by 3%: Transport operators

Fuel prices have surged in West Bengal, impacting transport costs. Operators anticipate a three percent rise in freight charges. They are urging the government to monitor product prices and prevent traders from increasing them unfairly. State governments are also being asked to consider reducing local taxes to ease the burden…

The Economic Times

Petrol, diesel prices hiked: What are the fuel rates in Pakistan, Nepal & Bangladesh? Check latest price comparision

Petrol, diesel prices in India vs neighbour countries: After petrol and diesel prices were increased by Rs 3 per litre in India, fuel costs have once again become a talking point for daily commuters. But how expensive is fuel in India compared to neighbouring countries like Pakistan, Sri Lanka, Nepal,…

The Economic Times

Yogesh Patil decodes why petrol, diesel prices may rise further

India's oil marketing companies received a modest Rs 3 per litre fuel price hike, which analysts say is insufficient to cover daily losses. While this offers some relief, a further Rs 11 per litre increase is needed to eliminate under-recoveries, as the government balances inflation concerns with retailer financial health.

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news in one place.

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The Economic Times

'Modi ki vasooli shuru': opposition parties take a dig at PM over fuel price hike

Congress has strongly criticized Prime Minister Narendra Modi. The party stated that fuel prices have increased by Rs 3 per litre for petrol and diesel. CNG prices also saw a Rs 2 per litre hike. Congress linked this price rise to the completion of recent Assembly elections. They accused the…

The Economic Times

Petrol Price Hike: The crude shock logic that will make Indians pay a higher price

Petrol Diesel Price Increase: Fuel prices across India have risen by up to Rs 3 per litre. This hike is driven by surging global crude oil prices and tightened energy supplies. State-run fuel retailers had absorbed costs but are now passing them on. The increase reflects higher international crude costs…

The Economic Times

HPCL, BPCL and IOC shares slide up to 3% after petrol, diesel price hike

Oil marketing company shares fell on Friday. Petrol and diesel prices saw a modest increase. This hike aims to ease financial pressure on companies. Global crude oil prices remain high due to West Asia conflicts. Prime Minister Modi urged fuel conservation. Oil Minister Hardeep Singh Puri expressed concern over companies…

The Economic Times

CNG Price Hike: Natural gas gets costlier by Rs 2 per kg after petrol, diesel rate shock

CNG Price Increase News: Price of CNG has been increased by Rs 2 per kilogram in Mumbai, now costing Rs 84/kg. This follows a Rs 3/litre hike in petrol and diesel prices by Oil Marketing Companies to offset losses from rising global oil rates, which have surged over $120 per…

The Economic Times

Diesel Price Today (May 15): Check new diesel prices in Delhi, Mumbai, Kolkata, Chennai and Bangalore after centre hikes fuel rates

Diesel Price Today (May 15): Fuel prices have seen an immediate Rs 3 per litre hike for petrol and diesel nationwide. Diesel rates in major cities like Delhi, Kolkata, and Mumbai have risen significantly. This comes as oil companies absorb substantial daily losses due to soaring global crude oil prices,…

The Economic Times

Petrol Price Today (May 15): Check petrol price in Delhi, Mumbai, Kolkata, Hyderabad, Chennai after fuel rates hiked

Perol price today: Fuel prices surged nationwide on Friday, with petrol and diesel rates increasing by up to Rs 3 per litre. This hike, driven by global crude oil price fluctuations and supply disruptions in West Asia, pushes petrol prices over Rs 100 in several cities. State-run oil companies face…

The Economic Times

Petrol Diesel Price Hike: Fuel prices raised by up to Rs 3/litre

Petrol Diesel Price Increase: Fuel prices have risen nationwide. Petrol and diesel rates saw an increase of up to Rs 3 per litre. In Delhi, petrol now costs Rs 97.77 and diesel Rs 90.67. This adjustment by oil marketing companies reflects global crude oil market volatility. The hike will affect…

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