Chandigarh: Residents of Punjab and Chandigarh are facing another increase in fuel prices, with petrol and diesel becoming costlier for the second time in less than a week. The latest revision has also pushed up CNG prices, adding further pressure on transporters, consumers and the farming community ahead of the paddy sowing season.
The revised rates came into effect early Tuesday, following an earlier increase of Rs 3 per litre announced on May 15.
In major Punjab cities, petrol and diesel prices have climbed by nearly 85 to 90 paise per litre.
In Ludhiana, petrol is now retailing at nearly Rs 102 per litre, while diesel has crossed Rs 91.75.
Jalandhar and Pathankot have also reported similar increases, with fuel prices touching fresh highs.
Chandigarh has also witnessed a noticeable jump, with petrol nearing Rs 98.15 per litre and diesel crossing Rs 86.
At the same time, CNG rates have also gone up by around Rs 1.73, increasing transportation costs for commercial vehicle operators and daily commuters.
Agriculture experts warn that the hike could significantly impact farmers during the upcoming paddy season, which heavily depends on diesel-powered irrigation systems and farm machinery.
Estimates suggest Punjab’s farming sector may collectively face an additional financial burden of nearly Rs 756 crore if current diesel prices remain unchanged through the cultivation cycle.
Diesel consumption during paddy transplantation and irrigation remains substantial, with average usage often reaching around 90 litres per acre across intensive cultivation zones.
Industry analysts say the fuel hike is largely linked to global crude oil volatility.
International crude prices have surged sharply in recent weeks, rising from nearly $70 per barrel to above $100 amid escalating geopolitical tensions and disruptions in key oil supply routes.
The continuing instability in energy markets has placed pressure on oil marketing companies, which are now passing part of the burden to retail consumers to balance operational losses.
Market experts caution that if international crude continues to remain elevated, further upward revisions in petrol and diesel prices cannot be ruled out.
The repeated increases are expected to push transportation and logistics costs higher, which could eventually reflect in food prices and inflation across several sectors.
For Punjab’s farmers, already preparing for one of the most resource-intensive agricultural seasons of the year, the latest fuel adjustment adds another layer of financial strain.
