Private major Shell India recently hiked petrol and diesel prices to offset surging crude costs, while Nayara Energy has also implemented steady hikes. However, to shield everyday consumers, regular petrol and diesel rates at state-run pumps remain untouched. Also Read | Iran and America are spinning stories about the size of their victoriesRegular petrol and diesel prices OMCs revise prices every morning at 6 AM. In simple terms, a weaker rupee can increase the cost of imported crude, pushing up domestic fuel prices, or vice versa. Another factor is the taxes imposed by the Centre and state governments, which form a major component of petrol and diesel prices and are responsible for variations in fuel prices across states.

Source: Mint April 07, 2026 10:30 UTC