Overview
- State-run fuel retailers, which raised prices Friday, lifted petrol and diesel by ₹3 a litre nationwide in the first hike since 2022.
- CNG became costlier by about ₹2 per kg in major cities, while piped gas for homes and domestic LPG cylinders stayed unchanged.
- The Centre revised export levies with a ₹3 per litre windfall tax on petrol exports and lower duties on diesel and aviation fuel to keep supplies at home.
- Oil marketing companies still face sizeable under-recoveries, with officials and analysts citing losses near ₹1,000 crore a day and warning retail inflation could tick up if crude stays high.
- Prime Minister Narendra Modi urged fuel conservation and Delhi ordered steps like two days of work from home, as opposition parties attacked the timing after state polls and warned of higher transport and farm costs.