Petrol and diesel prices were hiked again on Saturday, marking the third increase in less than 10 days as state-owned fuel retailers continued passing on higher energy costs linked to the West Asia conflict.

According to PTI report, petrol prices rose by 87 paise to Rs 99.51 per litre from Rs 98.64 in Delhi, while diesel rates increased by 91 paise to Rs 92.49 per litre from Rs 91.58. A report from Reuters, citing fuel dealers in Delhi, confirmed the development.

The latest revision follows a Rs 3 per litre hike on May 15 and another 90 paise increase on May 19. With the fresh increase, fuel prices have climbed by nearly Rs 5 per litre in total over the period.

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CNG prices hiked

CNG prices across Delhi-NCR have also been raised by Re 1 per kg, according to news agency ANI. After the latest revision, CNG prices in Delhi have climbed to Rs 81.09 per kg. Rates in Noida, Ghaziabad and Greater Noida now stand at Rs 89.70 per kg, while consumers in Gurugram will pay Rs 86.12 per kg and those in Ajmer Rs 90.44 per kg.

The latest increase comes on the back of a Rs 2 per kg hike on May 15 and another Re 1 rise on May 18, pushing cumulative CNG price hikes to Rs 4 per kg in under two weeks.

India has started putting higher global crude costs to consumers. India is among the last major economies to adjust pump prices in response to the surge. Petrol and diesel rates have climbed by about Rs 5 per litre across three revisions since May 15 — which was the first such increase in four years.

The timing has drawn political scrutiny, with opposition parties alleging that the government deferred the hikes to shield itself from electoral fallout. According to several reports, the current adjustments may be insufficient and further increases could be needed as losses at oil marketing companies persist. According to Bharat Petroleum Corporation Ltd, current under-recoveries remain significant, at Rs 25-30 per litre on diesel and Rs 10-14 per litre on petrol.

The government has indicated it will not extend fiscal support to state refiners. BPCL, Indian Oil Corporation and Hindustan Petroleum Corporation Ltd together dominate over 90% of India’s over 1,00,000 fuel outlets.