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The Latest Breaking News from Petrol

Baba Vanga fuel price prophecy: Did Bulgarian mystic predict Iran war & rising petrol, diesel, CNG and LPG prices? Here’s what she said

Amidst rising global tensions and concerns over fuel prices, viral claims linking Baba Vanga's alleged 2026 predictions to economic chaos are circulating. However, there is no verified evidence of her specifically foreseeing fuel price hikes. The current anxieties are more a reflection of real-world geopolitical impacts on oil markets than…

The Economic Times

Congress president Mallikarjun Kharge slams Modi govt, says it failed to foresee inflation and price rise

Mallikarjun Kharge criticized the government for delaying price hikes until after assembly elections, alleging that economic realities were hidden from the public. He pointed to recent increases in CNG, petrol, and diesel prices, and accused the BJP government and Prime Minister Narendra Modi of lacking foresight amid rising inflation.

The Economic Times

Should petrol, diesel prices go up by Rs 25 per litre? Oil companies are staring at Rs 1,380 crore daily loss

Indian fuel retailers are facing steep under-recoveries despite a recent Rs 3 hike, with analysts estimating losses of Rs 25/litre and daily hits of Rs 1,380 crore for Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL) and Hindustan Petroleum (HPCL). Brokerages including Nomura and Elara Capital warn further fuel price hikes…

The Economic Times

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Petrol, Diesel prices hiked again as brent crude rises above $110 barrel? Check fuel rates in Delhi, Mumbai, Chennai and other cities today

Petrol, Diesel prices today: Petrol and diesel prices remained steady on Monday after a recent Rs 3 per litre hike, with further increases anticipated due to rising global oil prices. This surge, driven by Middle East conflict and US-Iran tensions, is pressuring India's foreign exchange reserves as the nation imports…

The Economic Times

WPI inflation crossing 10% mark not a tail risk but a near-term base case: Report

The recent Rs 3 hike in petrol and diesel prices, announced after the Prime Minister's national exhortation for austerity, was widely anticipated, according to a research report by Systematix. It stated that the hike is almost "certainly the beginning of a series of hikes, not the end of one."

The Economic Times

Andhra Pradesh: YSRCP to hold statewide protests on May 18 over fuel price hike

The Yuvajana Sramika Rythu Congress Party will hold statewide protests on May 18. This action is a response to the significant increase in petrol and diesel prices in Andhra Pradesh. Party leaders accuse the current government of increasing the burden on citizens. The protests aim to highlight the struggles faced…

The Economic Times

CNG prices hiked again: Delhi rates cross Rs 80/kg for first time; check latest rates in your city

Delhi commuters face higher fuel costs as Indraprastha Gas Limited (IGL) increased CNG prices by Re 1 per kg, pushing the rate to Rs 80.09. This follows a Rs 2 hike just 48 hours prior. The consecutive increases, alongside recent petrol and diesel price hikes, are attributed to global energy…

The Economic Times

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Is petrol cheaper in Bhutan than India? Here’s the truth

A viral social media video falsely claims petrol is cheaper in Bhutan than in India. The Press Information Bureau (PIB) has debunked this, stating the video is old and shared out of context to spread misinformation. Recent fuel price hikes in India and comparisons with neighboring countries highlight the misleading…

The Economic Times

'Fuel scarcity' hits livelihood in Odisha, govt assures people of situation normalisation by Monday

Odisha faces fuel scarcity, impacting daily wage earners and transport operators. The state government attributes the situation to panic buying and supply chain disruptions. Officials assure normalcy within 48 hours, with oil companies working to restore distribution. Citizens are urged not to panic as sufficient stock is available.

The Economic Times

CNG prices hiked again: Delhi CNG crosses Rs 80/kg after Re 1 hike, second increase in 48 hours

Indraprastha Gas Limited has increased compressed natural gas prices again. This is the second hike in two days. Commuters in Delhi-NCR will now pay more for fuel. CNG in Delhi now costs Rs 80.09 per kg. Noida and Ghaziabad rates are Rs 88.70 per kg. Gurugram's new rate is Rs…

The Economic Times

Fuel excise extension weighed as states look to supply

The prime minister has left the door open to more tax relief at the bowser as state governments attempt to shore up their own fuel supplies.

AAP

Will petrol and diesel prices rise again? Fuel hike may be just the first of several increases, say experts

Petrol, Diesel price today: Fuel prices have been increased by Rs 3 per litre as state-run oil companies face mounting losses due to rising global crude oil prices. Experts predict this hike is the beginning of staggered increases, with further modest rises likely if the West Asia conflict persists and…

The Economic Times

Fuel price hike hitting common people, contractors stopping work due to rising bitumen costs: Himachal PWD minister

Himachal Pradesh Public Works Department Minister Vikramaditya Singh alleged that rising petrol and diesel prices are fueling inflation, impacting common citizens, traders, and contractors. He highlighted the severe effect on road construction due to doubled bitumen prices and urged the Central government to intervene. Singh also discussed urban development projects…

The Economic Times

Petrol-diesel panic in Odisha: Hundreds queue up outside fuel stations; bikes allegedly given fuel worth only Rs 200

Long queues formed at petrol pumps across Odisha due to rumours of a fuel shortage. Panic buying intensified after a price hike. Commuters faced hours of waiting in scorching heat. Boat operators and farmers also reported difficulties in procuring diesel. Oil companies stated there was no shortage, but some pumps…

The Economic Times

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The Guardian - UK

UK drivers struggle to get insurance for Chinese EVs such as Jaecoo

Firms do not offer cover for some models, or charge more than for equivalent petrol cars, research finds

The Economic Times

Petrol, diesel price hike may trigger chain reaction across economy, say experts

Rising petrol and diesel prices are poised to escalate India's retail inflation, with economists forecasting a significant ripple effect on household expenses. Analysts predict fuel price hikes could add 10-25 basis points to headline inflation, impacting transportation, logistics, and manufactured goods. This surge, coupled with increasing milk prices, is expected…

The Economic Times

CM Revanth Reddy slams PM Modi over petrol, diesel price hike, seeks immediate rollback

Telangana Chief Minister A Revanth Reddy has demanded the central government roll back the recent increase in petrol and diesel prices. He stated the hike is unjustifiable and will negatively impact various sectors. Reddy claimed the decision, made shortly after election results, betrays public trust. He also highlighted the weakening…

The Economic Times

Govt imposes ₹3/litre windfall tax on petrol exports; cuts diesel, ATF levies

The government has introduced a windfall gains tax of Rs 3 per litre on petrol exports. Levies on diesel exports are now Rs 16.5 per litre, and on aviation turbine fuel, they are Rs 16 per litre. These changes are effective from May 16.

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The Economic Times

Economists warn fuel, milk price hikes may raise retail inflation by up to 0.42%

Retail inflation is set to rise by 0.42 percent due to increased fuel and milk prices. Economists predict broader impacts on transportation, logistics, and food costs. Petrol and diesel prices saw a hike of Rs 3 per litre. Milk prices also increased by Rs 2 per litre. These changes will…

The Economic Times

Petrol price hiked up to Rs 108, CNG in Delhi at Rs 79: How much extra you now need to pay for your car; Petrol Vs CNG comparisons for Delhi, Mumbai, Kolkata, Chennai

Recent petrol price hikes across metropolitan cities and increased CNG costs in Delhi and Mumbai are impacting car owners. For those commuting 1,000 km monthly, the additional fuel expenses can range from a few hundred to a few thousand rupees. Despite the price adjustments, CNG cars continue to offer significant…

The Economic Times

Very small rise in fuel price revision: Indian Oil chief says company working round the clock to ensure full capacity availability

Indian Oil refineries are running at over 100 percent capacity. This ensures no fuel shortage at retail outlets. Prices for petrol and diesel have seen a small increase. The company is also focusing on alternative energy. Two hydrogen-powered buses have been provided to Delhi Metro. These buses offer zero emissions.

The Economic Times

A Rs 3 hike makes India’s inflation battle somewhat harder

Indian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses of Rs 1,000-1,200 crore due to the Iran war. This move is expected to add inflationary pressure, impacting transportation, logistics, and retail goods costs.

MyLifeXP

Are Petrol Pumps Really Closing Every Sunday?

Imagine driving to a petrol pump on a Sunday morning Only to find the gates locked. That exact fear spread rapidly across social media after a viral message claimed petrol pumps would remain closed every Sunday in several Indian states following Prime Minister Narendra Modi’s fuel conservation appeal. Within hours,…

The Economic Times

Petrol, diesel prices hiked by Rs 3/litre: Here’s what top economists have to say

Fuel prices in India saw their first increase in over four years on Friday. Petrol and diesel prices rose by approximately Rs 3 per litre. This move by state-run oil companies aims to address mounting losses due to soaring global crude oil prices. The escalation in West Asia and disruptions…

The Economic Times

Mallikarjun Kharge calls fuel price hike "Modi-govt-made crisis," alleges leadership failure amid West Asia conflict

Congress leader Mallikarjun Kharge criticizes the central government over rising petrol and diesel prices. He labels the situation a 'Modi-government-made crisis' and blames leadership failure for the economic burden on citizens. Kharge highlights the cascading effect of inflation from fuel price increases. Union Minister Kiren Rijiju defends the hike, stating…

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