Mumbai motorists are facing a fresh rise in fuel expenses, as oil companies have increased the prices of premium petrol variants by more than ₹2 per litre. The hike applies to high-grade fuels such as Speed, Power, and XP95, which are typically used in performance-oriented and premium vehicles. Notably, there has been no change in the prices of regular petrol and diesel.
The revision comes against the backdrop of a sharp rise in global crude oil prices. Escalating geopolitical tensions in West Asia have significantly driven up international oil rates, leading to a surge in India’s crude import costs. In recent weeks, the price of the Indian crude basket has reportedly more than doubled, placing added financial pressure on domestic oil marketing companies.
Mumbai Becomes Costliest City
Mumbai continues to rank among the costlier fuel markets in the country. Petrol in the city is currently priced at ₹103.54 per litre, while diesel stands at ₹90.03 per litre. With the latest increase in premium petrol rates, the cost difference between regular and high-grade fuel options has widened further.
Comparison with other cities
A comparison with other major Indian cities highlights notable variations in fuel prices, largely influenced by local taxes and transportation costs.
In New Delhi, petrol is available at ₹94.77 per litre and diesel at ₹87.67, making it considerably cheaper than in Mumbai. Lucknow shows similar pricing trends, with petrol at ₹94.69 and diesel at ₹87.81.
Among southern cities, Bengaluru reports petrol at ₹102.96 and diesel at ₹90.99, while Chennai offers petrol at ₹100.84 and relatively lower diesel prices at ₹82.39 per litre.
In eastern India, Kolkata records petrol at ₹105.45 and diesel at ₹92.02, slightly higher than Mumbai in petrol prices. Patna also remains on the expensive side, with petrol at ₹105.23 and diesel at ₹91.49.
Hyderabad stands out as one of the most expensive fuel markets, with petrol priced at ₹107.46 and diesel at ₹95.70, both higher than Mumbai’s rates.
What does it mean for Mumbaikars?
For commuters in Mumbai, especially those using premium fuel, the increase adds to the already high cost of daily travel. With global crude oil prices remaining volatile, further revisions in fuel prices cannot be ruled out, keeping motorists on edge in one of India’s most expensive fuel markets.