Fuel prices were hiked again across India on Saturday, with petrol increasing by Rs 0.87 per litre and diesel by Rs 0.91 per litre. This marks the third hike in retail fuel rates in 10 days and comes amid geopolitical tensions in West Asia.
Fuel price at Irwin Road Service Station on May 23 at 1 AM Hrs stood at Rs 91.58/L for diesel, Rs 98.64/L for petrol, Rs 105.76/L for XP95, and Rs 96.90/L for XG (IndianOil). However, at 6:47 AM, it rose to Rs 92.49/L for Diesel, Rs 99.51/L for Petrol, Rs 106.63/L for XP95, and Rs 97.81/L for XG.
The hike comes a day after the Ministry of Petroleum and Natural Gas assured that India has adequate petrol and diesel supplies.
"India has adequate availability of petrol and diesel supplies across the country continue to remain stable. Citizens are advised to avoid panic buying and purchase fuel only as per actual requirement. Temporary pressure at some retail outlets is being addressed through continuous supply monitoring and coordinated distribution efforts by Oil Marketing Companies," the ministry stated in a post on X.
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