India's Fuel Price Rollercoaster: A Perfect Storm for Consumers The latest hike in fuel prices has left consumers reeling, adding to the growing list of concerns for households and businesses alike.
On Monday, petrol prices rose by Rs 2. 61 per litre and diesel prices increased by Rs 2. 71 per litre, marking the fourth revision in less than two weeks.
This trend is unfolding against the backdrop of escalating global crude oil prices and a weakening rupee. The cumulative effect of these revisions since May 15 has pushed up petrol and diesel prices by nearly Rs 7.