Fuel Shock Hits Again: Petrol Nears ₹100 Mark as Prices Rise for Third Time This Month
Ghaziabad, Uttar Pradesh-November 04,2021: A pump attendant filling a car with fuel at the petrol station.
Indian consumers woke up to another fuel price hike on Saturday as petrol and diesel rates were increased once again across the country. State-owned oil companies raised petrol prices by ₹0.87 per litre and diesel by ₹0.91 per litre, marking the third hike in retail fuel prices this month.
In Delhi, petrol prices climbed from ₹98.64 to ₹99.51 per litre, bringing the national capital dangerously close to the ₹100 mark once again. Diesel prices also jumped from ₹91.58 to ₹92.49 per litre.
The latest increase comes amid rising global crude oil prices and growing geopolitical tensions in West Asia, which continue to impact international energy markets. Since India imports nearly 85% of its crude oil requirements, fluctuations in global oil prices directly affect domestic fuel costs.
The hike is expected to increase pressure on daily commuters, transport operators, delivery services, and businesses that depend heavily on transportation. Experts believe the rising fuel prices may also indirectly affect the prices of essential goods and services in the coming weeks.
Meanwhile, the Ministry of Petroleum and Natural Gas has assured citizens that there is no shortage of fuel in the country. The ministry urged people not to panic buy petrol or diesel, stating that oil companies are continuously monitoring supplies and maintaining smooth distribution across retail outlets.
Despite the government’s reassurance, the repeated fuel price hikes are becoming a growing concern for middle-class families and small businesses already dealing with inflation and increasing living costs.
With global tensions still high and crude oil prices remaining volatile, many fear that fuel prices could continue to rise further in the coming days.
