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The Latest Breaking News from Petrol

'Fuel scarcity' hits livelihood in Odisha, govt assures people of situation normalisation by Monday

Odisha faces fuel scarcity, impacting daily wage earners and transport operators. The state government attributes the situation to panic buying and supply chain disruptions. Officials assure normalcy within 48 hours, with oil companies working to restore distribution. Citizens are urged not to panic as sufficient stock is available.

The Economic Times

CNG prices hiked again: Delhi CNG crosses Rs 80/kg after Re 1 hike, second increase in 48 hours

Indraprastha Gas Limited has increased compressed natural gas prices again. This is the second hike in two days. Commuters in Delhi-NCR will now pay more for fuel. CNG in Delhi now costs Rs 80.09 per kg. Noida and Ghaziabad rates are Rs 88.70 per kg. Gurugram's new rate is Rs…

The Economic Times

Fuel excise extension weighed as states look to supply

The prime minister has left the door open to more tax relief at the bowser as state governments attempt to shore up their own fuel supplies.

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Will petrol and diesel prices rise again? Fuel hike may be just the first of several increases, say experts

Petrol, Diesel price today: Fuel prices have been increased by Rs 3 per litre as state-run oil companies face mounting losses due to rising global crude oil prices. Experts predict this hike is the beginning of staggered increases, with further modest rises likely if the West Asia conflict persists and…

The Economic Times

Fuel price hike hitting common people, contractors stopping work due to rising bitumen costs: Himachal PWD minister

Himachal Pradesh Public Works Department Minister Vikramaditya Singh alleged that rising petrol and diesel prices are fueling inflation, impacting common citizens, traders, and contractors. He highlighted the severe effect on road construction due to doubled bitumen prices and urged the Central government to intervene. Singh also discussed urban development projects…

The Economic Times

Petrol-diesel panic in Odisha: Hundreds queue up outside fuel stations; bikes allegedly given fuel worth only Rs 200

Long queues formed at petrol pumps across Odisha due to rumours of a fuel shortage. Panic buying intensified after a price hike. Commuters faced hours of waiting in scorching heat. Boat operators and farmers also reported difficulties in procuring diesel. Oil companies stated there was no shortage, but some pumps…

The Economic Times

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

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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

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

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

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MyLifeXP

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,…

The Economic Times

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…

MyLifeXP

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…

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The Economic Times

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

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.

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…

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