Petrol price tops ₹100 again after 4 hikes in 10 days

What changed in fuel prices this week

Petrol and diesel prices were revised higher again on Monday, marking the fourth increase in less than 10 days. The latest revision came as global crude prices stayed elevated and the West Asia crisis continued to disrupt energy markets. A weakening rupee was also cited as a factor in the rate revisions. State-run oil marketing companies (OMCs) raised petrol prices by ₹2.61 per litre and diesel by ₹2.71 per litre. The move pushed Delhi’s petrol price back above the ₹100 per litre mark. Diesel prices also moved up sharply across major cities.

Delhi crosses ₹100 per litre again

After the Monday hike, petrol in Delhi rose by ₹2.61 to ₹102.12 per litre. Diesel in the capital increased by ₹2.71 to ₹95.20 per litre. Industry officials said the ₹100 threshold is significant because it tends to attract public attention and intensify scrutiny of fuel taxation and pricing. The report noted this is the first time in four years that petrol has crossed ₹100 per litre in Delhi. The last instance referenced was May 21, 2022, when petrol sold for ₹105.41 per litre. The return above ₹100 comes after multiple back-to-back increases within a short period.

How big is the cumulative rise over two weeks

The Monday hike took the cumulative revision over the last two weeks to about ₹7.35 per litre for petrol and ₹7.53 per litre for diesel. Separately, the coverage also described the third hike in eight days, when OMCs raised prices by nearly ₹1 per litre each. At that point, petrol in Delhi was ₹99.51 per litre, up 87 paise, and diesel was ₹92.49 per litre, up 91 paise. The effective increase in pump prices of petrol after three hikes since May 15 was reported as ₹4.74 per litre in Delhi. For diesel, the increase over those three hikes was ₹4.82 per litre.

Metro cities see sharp moves in pump prices

The impact of the latest hike was visible across the big metros, with petrol in several cities above ₹110 per litre. In Mumbai, petrol was reported at ₹111.21 per litre and diesel at ₹97.83 per litre after the revision. Kolkata’s petrol price stood at ₹113.51 per litre, with diesel at ₹99.82 per litre. In Chennai, petrol was ₹107.77 per litre and diesel ₹99.55 per litre. The report also highlighted that diesel in Mumbai moved closer to ₹100.

Key fuel prices after the latest hike

Other cities where petrol and diesel are above key levels

Beyond the four metros, several cities were already trading at higher retail rates for petrol. The report listed petrol at ₹115.73 per litre in Hyderabad and ₹115.49 per litre in Thiruvananthapuram. Patna was cited at ₹113.54 per litre and Jaipur at ₹113.35 per litre. Bengaluru was reported at ₹110.61 per litre, while Bhubaneswar stood at ₹108.83 per litre. In Gurgaon and Noida, petrol was ₹102.69 and ₹101.92 per litre respectively. On the diesel side, Hyderabad was reported at ₹103.82 per litre, while Thiruvananthapuram crossed ₹104 at ₹104.41 per litre.

What is driving the repeated hikes

The repeated revisions were linked to rising global crude oil prices and the ongoing West Asia conflict. The coverage also pointed to a weakening rupee, which can increase the landed cost of crude and petroleum products. One report noted that Brent crude had fallen 5.5% from the level at the time of the first hike on May 15, even as domestic pump prices continued to rise over that period. The same coverage highlighted that local levies can cause city-level variations in pump prices. This is why the per-litre price and the exact increase can differ across cities even when the headline revision is similar.

Timeline of recent price moves mentioned in the report

Market impact and inflation concerns

Fuel is a core input cost for transport and logistics, and the coverage explicitly flagged growing inflation concerns. The report described pressure on households and businesses already dealing with higher transport and logistical costs. When petrol in Delhi moves from ₹99.51 to ₹102.12 within a short span, it changes day-to-day expenses for commuters and small commercial operators. Similarly, diesel nearing or crossing ₹100 in multiple cities can raise operating costs for goods movement. The short interval between hikes can also make budgeting harder for consumers and fleet operators, because prices do not remain stable long enough to plan expenditures.

Why this matters for investors and policy watchers

Repeated price revisions in a tight window can signal stress from global input costs and currency moves, which markets track closely. The report also noted that this was the first time in four years that Delhi petrol crossed ₹100 per litre, giving the move added political and economic sensitivity. Coverage mentioned that the Centre had raised petrol and diesel prices by ₹3 per litre across the country, described as the first such increase in four years, amid soaring crude prices linked to the West Asia conflict. Taken together, these points show how global events and domestic pricing decisions can quickly feed into retail inflation expectations.

Conclusion

Petrol and diesel prices have risen for the fourth time in under 10 days, with Delhi petrol at ₹102.12 per litre and diesel at ₹95.20 per litre after the latest hike. The revisions were linked in the report to higher crude prices, the West Asia crisis, and currency weakness. With cumulative increases of about ₹7.35 for petrol and ₹7.53 for diesel over the last two weeks, the next focus will remain on further OMC price revisions as global crude and currency conditions evolve.