Bengaluru: Citizens woke up to the harsh blow of a fuel price hike this morning. Due to ongoing global conflicts, the price of crude oil in the international market has skyrocketed, directly impacting the pockets of Indian motorists. Oil marketing companies have delivered a major shock to the public by steeply revising petrol and diesel prices upward.

Petrol Price Up by ₹3.21!

Fuel prices, which had remained stable for the past few days, witnessed a sudden spike today. The price of petrol has been increased by ₹3.21 per liter.

* Old Rate: ₹102.96

* Today's New Rate: ₹106.17

Diesel Gets Costlier Too: ₹3.11 Hike

Diesel, which is crucial for freight transport and farmers, has also seen a price hike. The price of diesel has been increased by ₹3.11 per liter.

* Old Rate: ₹90.99

* Today's New Rate: ₹94.10

Fuel Price Revision At a Glance:

Petrol | ₹102.96 | ₹106.17 | + ₹3.21

Diesel | ₹90.99 | ₹94.10 | + ₹3.11

What is the Reason Behind the Sudden Hike?

The escalating war situation in the Middle East is cited as the primary reason behind this price hike. The global conflict has caused a massive disruption in the supply of crude oil in the international market. Consequently, oil companies have revised domestic fuel prices in line with global rates.

Rising Anxiety Among the General Public

Commuters who headed to petrol bunks early this morning were left distressed after seeing the revised rates. Following the spike in fuel prices, the public is now gripped by the fear of inflation hitting essential commodities.The hike in diesel prices is expected to drive up the freight charges for trucks and other commercial transport vehicles. This, in turn, is likely to trigger a price rise for daily essentials like vegetables, milk, and groceries. It remains to be seen whether fuel prices will climb further in the coming days or if they will cool down once the global market stabilizes.