Fuel prices in India remained unchanged on May 29, but the rates are still hurting common people after repeated hikes in recent weeks.

Petrol in Delhi has crossed ₹100 per litre while Mumbai and Hyderabad are seeing even higher prices. Rising crude oil costs, tensions between the US and Iran, and pressure on global energy markets are keeping fuel prices elevated across the country.

Fuel Prices Stay High Across India

Even though there was no fresh increase on Thursday, people are still feeling the effect of Monday's fuel hike. This was already the fourth rise in just two weeks, making daily travel and transport more expensive.

Petrol prices have now increased by ₹2.61 per litre while diesel rates have gone up by ₹2.71 recently. Oil companies are trying to recover losses as international crude oil prices continue moving above 100 dollars per barrel.

The rise is affecting not only vehicle owners but also food delivery costs, transport charges, and local businesses.

Latest Petrol And Diesel Rates

Fuel prices in several metro cities are now touching record levels. Delhi has once again crossed the ₹100 mark for petrol.

In Delhi, petrol is now selling at ₹102.12 per litre while diesel costs ₹95.20.

Mumbai is seeing even higher prices. Petrol there has reached ₹111.18 while diesel is priced at ₹97.83 per litre.

Hyderabad continues to remain among the most expensive cities for fuel. Petrol there costs ₹115.69 and diesel stands at ₹103.82.

In Kolkata, petrol is available at ₹113.51 while diesel is being sold at ₹99.82.

Bengaluru, Chennai, and other major cities are also witnessing high fuel prices after continuous revisions.

Why Fuel Prices Are Rising Again

The biggest reason behind rising petrol and diesel rates is the increase in international crude oil prices. India imports a large amount of crude oil from other countries, so global events directly affect domestic fuel rates.

Right now, the ongoing tensions between the United States and Iran have created uncertainty in energy markets. The closure concerns around the Strait of Hormuz, which is one of the world's busiest oil routes, are also adding pressure.

Whenever global supply becomes uncertain, crude oil prices rise quickly.

Another major factor is the rupee-dollar exchange rate. India buys crude oil mostly in dollars. If the Indian rupee weakens, importing oil becomes more expensive.