The latest petrol and diesel prices increased due to rising global crude oil costs and tensions in the Middle East. In Delhi, petrol prices crossed ₹100 per litre, while diesel prices moved close to ₹100 in Mumbai. The fuel price rise may increase transportation and daily commodity costs across the country.

Experts say the continued increase in fuel prices could slow fuel demand in India during the second half of 2026. The government is also monitoring the impact on inflation and public expenses.

The post Petrol and Diesel Prices Increased Again Across India appeared first on India Podcast.

Petrol and diesel prices increased again in India mainly because global crude oil prices continue to rise due to tensions in West Asia. Reports say oil companies are facing heavy losses and are slowly increasing fuel rates to recover costs.

In Delhi, petrol now costs around ₹99.51 per litre, while diesel is priced at ₹92.49 per litre. Prices are even higher in cities like Mumbai, Chennai, and Kolkata. Experts warn that rising fuel prices may increase transport charges and daily living expenses across the country.

The post Petrol and Diesel Prices Increased Again in India, Fuel Costs Rise Sharply appeared first on India Podcast.

Gopinath explained that India depends heavily on oil imports from the Middle East. Supply disruptions may affect not only crude oil but also LPG, LNG, and fertilizers. She added that shortages could become a bigger issue than rising prices. The Oil at $140 scenario may also weaken the rupee close to 100 against the US dollar.

She advised policymakers to focus on inflation control, jobs, and support for vulnerable families instead of aggressively defending the rupee. However, she said India still has strong domestic demand and healthy forex reserves, so there is no need to panic.

The post Oil at $140: Gita Gopinath Warns India of Economic Shock appeared first on India Podcast.

The RBI board will soon meet to finalise the surplus transfer. Last year, the central bank paid ₹2.68 lakh crore to the government, the highest amount ever transferred. Economists believe this year’s payout could be about 20% higher.

A bigger dividend would help the government manage rising spending pressures. Global tensions in West Asia have made crude oil prices volatile, increasing the risk of imported inflation.

Experts say the additional funds could help the government maintain welfare schemes, infrastructure spending, and fiscal stability during uncertain global conditions.

The post RBI Dividend to Government May Rise Amid West Asia Uncertainty appeared first on India Podcast.

Earlier, oil companies were losing around ₹1,000–₹1,600 crore every day. After the price increase, daily losses dropped to about ₹750 crore. Officials from the Petroleum Ministry said the losses still remain significant even after the hike.

Global crude oil prices have increased sharply in recent months. Prices jumped from about $69 per barrel in February to more than $110 per barrel by mid-May. This surge mainly came from geopolitical tensions and disruptions in global oil supply.

India imports over 85% of its crude oil from international markets. Because of this heavy dependence on imports, rising global oil prices directly affect domestic fuel costs and the financial health of oil companies.

Experts say the price hike may slightly increase inflation but will reduce the financial pressure on oil marketing companies.

The post Fuel Price Hike: ₹3 Per Litre Increase Cuts Oil Companies’ Losses by 25% appeared first on India Podcast.

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.

The post Petrol and Diesel Prices Skyrocket, Adding Burden on Common Man appeared first on India Podcast.

Speaking at an international conference in Switzerland, Malhotra said the government may eventually pass higher oil costs on to consumers. He explained that if the crisis continues for a long time, a Petrol Diesel Price Hike may become unavoidable.

India depends heavily on imported crude oil. Rising global oil prices increase the country’s import bill and create pressure on inflation and the rupee. Economists say prolonged geopolitical tensions in West Asia could push fuel costs higher across the country.

For now, the government and state-run oil companies are absorbing some of the rising costs to keep retail fuel prices stable. However, experts warn that maintaining this price freeze may not be possible if crude oil prices remain high for a longer period.

The post Petrol Diesel Price Hike Warning: RBI Governor Flags Possible Increase appeared first on India Podcast.

Speaking at the CII Annual Business Summit 2026, Uday Kotak said the country has not fully experienced the effects of rising energy prices. However, Uday Kotak warns consumers to prepare for the worst amid US-Iran conflict because fuel costs may soon rise sharply.

He explained that oil prices linked to the West Asia conflict could soon increase the cost of fuel, transport, and daily goods. Families with limited incomes may feel the biggest impact as living expenses rise.

Kotak also said India depends heavily on imported oil. If crude prices climb toward $100 per barrel, inflation, the rupee, and the overall economy could face serious pressure.

He advised households and businesses to stay cautious and manage spending carefully during uncertain global conditions.

The post Uday Kotak Warns Consumers to Prepare for the Worst Amid US-Iran Conflict appeared first on India Podcast.

Experts say the Rupee falls to record low of 95.63 against US dollar mainly because of rising global tensions and increasing crude oil prices. Market sentiment weakened due to concerns over conflicts in West Asia and uncertainty in global financial markets.

Higher oil prices have increased the demand for US dollars, which puts pressure on the Indian currency. Analysts also noted that foreign investors selling Indian equities and global market volatility added to the rupee’s decline.

The rupee had already dropped sharply in the previous trading session, closing at around 95.28 per dollar. Economists warn that continued global uncertainty and rising energy prices may keep the rupee under pressure in the coming weeks.

The post Rupee Falls to Record Low of 95.63 Against US Dollar in Early Trade appeared first on India Podcast.

The benchmark BSE Sensex dropped 1,312 points to close at 76,015, while the Nifty 50 declined 360 points to end at 23,815. Investors reacted cautiously to global tensions and higher oil prices. The Sensex falls 1300 points marked one of the sharpest single-day drops in recent weeks.

Market sentiment weakened after Narendra Modi urged citizens to reduce fuel consumption and postpone non-essential spending like gold purchases and foreign travel. Investors interpreted the remarks as a sign of pressure on India’s import bill and foreign exchange reserves.

At the same time, crude oil prices surged due to tensions in West Asia, increasing inflation fears and affecting energy-dependent economies like India. As a result, several sectors including auto, oil and gas, and consumer stocks saw sharp declines during the session.

Analysts say markets may remain volatile if global tensions and oil prices continue to rise.

The post Sensex Falls 1300 Points as Crude Oil Prices and PM Austerity Appeal Shake Investors appeared first on India Podcast.