Hyderabad: Fuel prices surge by Rs 8 in month amid global tensions
Fuel prices in Hyderabad have risen sharply over the past month, with petrol increasing by nearly ₹8 per litre. Following the US–Iran agreement to ease tensions around the Strait of Hormuz, consumers are now hoping for relief at the pumps.
Hyderabad: With the Strait of Hormuz expected to reopen following the recent US-Iran agreement to cease military operations, the pressing question for people of Hyderabad and other Indian urban cities is whether the de-escalation will finally translate into relief at the pumps for petrol, diesel and LPG prices.
For months, people in Hyderabad have watched with growing concern as fuel prices skyrocketed, driven by global supply chain disruptions, primarily due to the closure of Strait of Hormuz.
With reports confirming that the US and Iran have reached an understanding to terminate military actions, many in Hyderabad are now wondering if the fuel costs will be rolled back.
In a span of just a month, the price of petrol in Hyderabad has risen by nearly Rs 8, climbing from approximately Rs 107 in mid-May to the current Rs 115.69 per litre.
Similarly, diesel prices have seen a sharp increase; while rates were around Rs 95.70 per litre in early May, they have since climbed to the current Rs 103.82, marking an increase of Rs 8.12 per litre.
Here is a glance at how the price of petrol and diesel was revised in the past one month in Hyderabad: Date followed by cost of Petrol and Diesel
May 12: Rs 107.39 and Rs 95.64
May 15: Rs 110.78 and Rs 98.90
May 19: Rs 111.77 and Rs 99.89
May 22: Rs 112.1 and Rs 100.94
May 25: Rs 115.62 and Rs 103.76
June 15: Rs 115.69 and Rs 103.82
