Fuel price hike: Petrol crosses Rs 102 in Delhi, commuters feel the heat

Delhi commuters expressed disappointment after petrol and diesel prices were raised by Rs 2.61 and Rs 2.71 per liter, respectively, on Monday, marking the fourth fuel price hike in less than two weeks. Since May 15, cumulative increases in petrol and diesel prices have nearly touched Rs 7.5 per litre, pushing fuel rates to their highest levels since 2022. In Delhi, petrol now costs Rs 102.12 per litre, while diesel is priced at Rs 95.20. Commuters and transport operators voiced concerns over rising daily expenses and increasing transportation costs. The hikes come amid surging global crude oil prices, higher refining costs, and a weaker rupee, following US-Israeli strikes on Iran and disruptions to shipments through the Strait of Hormuz, a critical global oil transit route.