Petrol, diesel prices on June 10: Check fuel cost in Delhi, Mumbai, Bengaluru, Kolkata and other cities today

Petrol and diesel prices today: Fuel prices were steady on Tuesday, 9 June, following the last price hikes on Monday, 25 May, when oil marketing companies (OMCs) increased the cost of both petrol and diesel by more than ₹2.50 per litre. Notably, the cumulative price hikes since 15 May have increased fuel costs of close to ₹7.5 per litre.

Fuel prices in India are at their highest levels since May 2022 after remaining largely frozen for more than two years, barring a ₹2-per-litre cut in March 2024.

West Asia war impacts fuel prices in India

This is because the last increase was the fourth such move in less than two weeks, on the back of a delayed pass-through amid soaring global crude oil prices due to the war in West Asia. Around one-fifth of the world's oil and gas supplies were transported through the vital Strait of Hormuz waterway.

The war in West Asia disrupted global energy supplies, including those to India. India's 40% of crude imports, 65% of natural gas and 90% of LPG supplies, which came from countries in the Gulf region, were disrupted due to the three-month-long conflict.

Union Oil Minister Hardeep Singh Puri told CNN-News18 that he expects fuel prices to drop in the coming months as “enough stocks are available” amid the war situation. "Oil prices cannot remain at their current height for "a very long time" and are expected to fall in the months ahead," according to the minister. He added that additional supplies from Canada and the United States are expected to mitigate some shortage but added that the situation may turn if the war expands, Reuters reported.

Change in petrol and diesel prices

Petrol prices rose by ₹2.61/litre and diesel by ₹2.71/litre on 25 May in their fourth such increase.

In Delhi, petrol prices rose to ₹102.12/litre from ₹99.51/litre, while diesel climbed to ₹95.20/litre from ₹92.49/litre.

Overall, OMCs have hiked fuel prices four times since May to temper demand and maintain supply. Petrol costs around 7.8% more, while diesel prices is 8.6% higher, it added.

Check full city-wise petrol and diesel price list

Check full list of petrol and diesel prices in major Indian cities today, on 10 June (Wednesday) here below:

Crude oil edges up amid after US attacks in Iran

Notably, tensions have hiked again after the US attacked Iran, pushing up crude oil prices today. Volatility is rising across markets with traders accounting for varied risks — the war, stretched valuations, fuel inflation and expectations that the US Federal Reserve is likely to raise interest rates.

Brent crude rose 0.9% to about $92.30 a barrel after US forces hit Iran following the downing of an American helicopter, Bloomberg reported. The gains pared after the US forces said they had completed the strikes. Brent had earlier risen to as high as $93.26 a barrel, it added.

(With inputs from Agencies)

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