Private fuel retailers Jio-BP and Nayara Energy have increased petrol and diesel prices in Telangana, citing rising global crude and refined product costs. While private outlets have passed on the burden to consumers ahead of the festive season, state-run oil marketing companies have so far maintained existing rates, though speculation persists about a post-Diwali revision.
Nayara Energy has raised petrol prices by Rs 5 and diesel prices by Rs 3 per litre across its network, citing rising global crude and fuel product prices. The hike is the company’s second this year after a similar March revision
Petrol and diesel prices were increased again on Saturday, taking the cumulative hike to nearly Rs 5 a litre in under 10 days. CNG prices also rose, amid soaring global crude oil prices, rising import costs and concerns over inflationary pressure
Indian state-run oil marketing companies raised petrol and diesel prices for the second time in less than a week due to surging global crude costs driven by the US-Iran conflict. The hikes push fuel prices to their highest levels since May 2022
Transport Minister Ponnam Prabhakar accused the BJP-led Centre of misleading people by raising fuel prices soon after Assembly elections in four States. He said the government had assured voters there would be no hike, but reversed its stance once results were declared, citing the West Asia conflict as justification.
Oil companies increased petrol and diesel prices by around Rs 3 per litre from Friday, citing disruptions linked to the Iran-Israel conflict and Strait of Hormuz crisis, with fuel rates in Delhi witnessing a sharp rise
Nayara Energy raised petrol by Rs 5 per litre and diesel by Rs 3, becoming one of India’s first fuel retailers to pass on crude price hikes amid Middle East tensions. State-owned firms have kept prices unchanged since April 2022
With a placard protesting against the petrol price hike hanging around her neck, helmet-clad Banerjee waved at people on both sides of the road during the five-km-long journey.
