As of early Tuesday, retail fuel prices have remained unchanged since 2022. State-owned oil marketing companies have incurred substantial losses, about Rs 20 per litre on petrol and roughly Rs 100 per litre on diesel.

The government is expected to make a decision on this price hike within the next 5–7 days. The increase is driven by a sharp rise in global crude oil prices linked to ongoing conflicts in West Asia.

Key facts:

• Petrol and diesel prices may increase by around Rs 4–5 per litre.
• Domestic LPG cylinders could see a hike of about Rs 40–50.
• Oil companies have been absorbing losses due to unchanged retail fuel prices.

The Ministry of Petroleum and Natural Gas stated that retail pump prices have been kept unchanged despite rising global oil prices. Government sources mentioned they are closely monitoring the evolving situation in West Asia and its impact on global energy markets.

No final decision has been announced regarding the price hike. Further developments are expected as the government evaluates the situation.

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