New Delhi: India has witnessed a sharp increase in fuel prices following the deepening crisis in the Middle East, pushing petrol and diesel rates significantly higher across several cities. The latest revision has raised petrol prices from Rs 94.77 per litre to Rs 97.77 per litre, while diesel now costs Rs 90.67 per litre compared to the earlier Rs 87.67 per litre.
The hike comes amid growing concerns over disruptions in global crude oil supply chains as geopolitical tensions continue to unsettle international markets. Industry experts have warned that prolonged instability in the region could place further pressure on oil-importing nations, including India.
Amid mounting concerns over rising fuel costs and possible shortages, Prime Minister Narendra Modi recently appealed to citizens to use fuel judiciously. Addressing the nation, he urged people to avoid unnecessary travel, reduce private vehicle usage wherever possible, and opt for work-from-home arrangements to ease fuel demand.
The Prime Minister stressed that conserving fuel during this period would not only help stabilise domestic consumption but also contribute to reducing pressure on the country’s import bill. He encouraged offices and businesses to facilitate remote working for employees wherever practical.
The sudden price surge has sparked concern among commuters, transport operators, and businesses already grappling with higher operational costs. Public transport services and logistics companies are expected to feel the immediate impact, with fears that transportation costs may eventually push up prices of essential goods.
Economists believe the coming weeks will be crucial as global crude markets react to further developments in the Middle East. If tensions continue to escalate, additional revisions in fuel prices cannot be ruled out.
