India, May 15 -- India's latest fuel price revision has added fresh pressure on household budgets and the wider economy. Petrol and diesel prices were raised by Rs.3 per litre, while CNG increased by Rs.2 per kg in major cities and the adjustment comes amid Brent crude trading near $107 per barrel, significantly higher than the pre-conflict level of around $75, reflecting a global energy squeeze driven by West Asia tensions.
Petrol & Diesel Price Hike by Rs.3 per Litre
Following weeks of volatility, petrol in Delhi now stands at Rs.97.77 per litre, while diesel is priced at Rs.90.67. Mumbai has crossed the Rs.106 per litre mark for petrol, highlighting regional variation due to taxes and transport costs while the move is expected to parti...