Fuel prices are once again creating concern across the country.
After Nayara Energy, now Shell India has sharply increased petrol and diesel prices.
This sudden hike is directly affecting the daily budget of common people.
The company has raised diesel prices by ₹25.01 per litre and petrol prices by ₹7.41 per litre, making fuel significantly more expensive at its pumps.
New Fuel Prices at Shell Pumps
After this increase, fuel prices at Shell outlets have reached very high levels.
Regular diesel: ₹123.52 per litre
Premium diesel: ₹133.52 per litre
Petrol (Bengaluru): ₹119.85 per litre
Premium petrol: ₹129.85 per litre
Prices may vary slightly across states due to taxes and transportation costs, but overall, fuel at Shell pumps has become much costlier across India.
Why Private Companies Are Increasing Prices
Private companies like Shell and Nayara are raising prices, while government companies such as Indian Oil Corporation, Bharat Petroleum, and Hindustan Petroleum are still selling fuel at older rates.
This difference exists because government companies get support or subsidies if they face losses.
Private companies, however, do not have this safety net.
To avoid heavy losses due to rising costs, private players are forced to increase prices.
This has created a price gap of ₹20 to ₹30 per litre between private and government pumps.
Global Crude Oil Prices Behind the Surge
The main reason for this sharp increase is the rise in global crude oil prices.
Tensions linked to the US-Israel conflict with Iran have disrupted oil supply chains.
As a result, Brent crude prices have jumped by nearly 60% in one month, staying above $100–$106 per barrel.
India imports around 85% of its oil, so any global price change directly impacts fuel prices in the country.
Rising Inflation Could Be Next
This steep increase in diesel prices may have a wider impact beyond just fuel costs.
Higher diesel prices increase transportation costs, which can lead to higher prices for fruits, vegetables, and other essential goods.
Experts warn that if crude oil prices remain high, even government oil companies may soon raise prices.
This could trigger a fresh wave of inflation across the country.
What This Means for You
Fuel has become more expensive, especially at private pumps, and this may soon affect everyday expenses.
If the situation continues, people may have to prepare for higher travel and household costs in the coming weeks.
