New Delhi, Fuel prices were hiked across the country for the fourth time in a span of two weeks on Monday, driven by sustained pressure from rising global crude oil prices and ongoing geopolitical tensions in West Asia.
State-owned oil marketing companies increased petrol prices in Delhi by ₹2.61 per litre and diesel prices by ₹2.71 per litre on Monday. Following the latest revision, petrol is now retailing at ₹102.12 per litre in the national capital, up from ₹99.51 per litre, while diesel prices have climbed to ₹95.20 per litre from ₹92.49 per litre.
The fresh hike comes just two days after domestic fuel rates were revised upward on Saturday. In the previous revision, petrol had increased by ₹0.87 per litre and diesel by ₹0.91 per litre.
Cumulatively, petrol has become costlier by ₹2.61 per litre and diesel by ₹2.71 per litre across the four hikes since 15 May. The frequent revisions continue to impact domestic transport costs as international energy markets face volatility.
The surge in retail fuel prices triggered mixed movements in the stock market, particularly affecting energy sector equities. On Monday, shares of public sector oil marketing companies—Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited (BPCL), and Indian Oil Corporation (IOC)—registered gains of 5.80 per cent, 4.44 per cent, and 3.90 per cent respectively.