Petrol and diesel prices skyrocket across India after oil companies announced a fresh hike in fuel rates. The increase comes after a sharp rise in global crude oil prices due to tensions in West Asia. The sudden change in fuel costs is expected to affect millions of daily commuters and households.
According to reports, petrol and diesel prices skyrocket by around ₹3.42 per litre for petrol and ₹3.26 per litre for diesel. Oil marketing companies revised the prices after international crude oil rates surged in recent days. The new prices came into effect across the country from early morning.
In major cities, fuel prices have already reached high levels. Petrol in Hyderabad now costs around ₹110.88 per litre, while diesel is priced near ₹98.96. In Visakhapatnam, petrol costs about ₹111.63 and diesel ₹96.36. Vijayawada has also reported higher fuel prices.
Experts warn that higher fuel prices may increase transport costs. As a result, prices of vegetables and other essential goods may also rise, adding more pressure on the common people.
