{"id":911539,"date":"2026-06-09T15:14:43","date_gmt":"2026-06-09T20:14:43","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/09\/petrol-diesel-prices-hiked-for-first-time-in-4-years-fuel-retailers-still-face-a-gap-of-rs-15-20-litre-on-sales\/"},"modified":"2026-06-09T15:14:43","modified_gmt":"2026-06-09T20:14:43","slug":"petrol-diesel-prices-hiked-for-first-time-in-4-years-fuel-retailers-still-face-a-gap-of-rs-15-20-litre-on-sales","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/06\/09\/petrol-diesel-prices-hiked-for-first-time-in-4-years-fuel-retailers-still-face-a-gap-of-rs-15-20-litre-on-sales\/","title":{"rendered":"Petrol, diesel prices hiked for first time in 4 years; fuel retailers still face a gap of Rs 15-20\/litre on sales"},"content":{"rendered":"
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Synopsis<\/h3>\n

India is the world\u2019s third-largest oil importer, heavily dependent on global markets and energy flowing out of the Persian Gulf. In a crisis, the government typically prioritises the protection of its 1.4 billion, price-sensitive consumers and containing inflation, but last Friday\u2019s increase suggests it is beginning to restore a balance as fiscal and market pressures grow.<\/p>\n<\/div>\n

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The increase still falls short of expectations for the country\u2019s largest state names \u2014 Indian Oil, Bharat Petroleum, Hindustan Petroleum \u2014 which have been losing Rs 10 billion ($104 million) daily on fuel sales.<\/figcaption><\/figure>\n
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India\u2019s state-run refiners have raised fuel prices for the first time in four years, as New Delhi yields to crude prices pushed higher by the war in Iran, and to the resulting financial pressures battering its processors.<\/p>\n

Diesel and gasoline prices rose by over 3%, a modest increase in the context of an almost 50% increase in Brent crude since the conflict began.<\/p>\n

Diesel will cost Rs.90.67 a litre, gasoline will be priced at Rs.97.77 a litre in New Delhi. Prices are now the highest since May 2022.<\/p>\n

India is the world\u2019s third-largest oil importer, heavily dependent on global markets and energy flowing out of the Persian Gulf. In a crisis, the government typically prioritises the protection of its 1.4 billion, price-sensitive consumers and containing inflation, but last Friday\u2019s increase suggests it is beginning to restore a balance as fiscal and market pressures grow.<\/p>\n

The increase still falls short of expectations for the country\u2019s largest state names \u2014 Indian Oil<\/a>, Bharat Petroleum<\/a>, Hindustan Petroleum<\/a> \u2014 which have been losing Rs 10 billion ($104 million) daily on fuel sales. Fuel retailers will still face a gap of Rs.15 to 20 per litre on fuel sales, said Radhika Piplani, economist at Motilal Oswal Financial Services<\/a>.<\/p>\n

Shares of the refining giants fell in early trading in Mumbai last Friday. Hindustan Petroleum declined as much as 2.9%, while Bharat Petroleum and Indian Oil traded more than 1% lower. On the private side, gasoline is sold at Shell fuel stations at over Rs.110 and diesel at nearly Rs.120.<\/p>\n