Fuel prices at record high. How it affects your finances

Petrol and diesel are retailing at record high prices in many districts across the country. Experts fear that high fuel prices will trigger another round of inflation and hurt economic recovery. Find out how rising fuel prices will impact your finances.

State-run oil marketing companies (OMCs) started increasing fuel prices since the first week of May after assembly elections concluded in four states and one union territory. Both petrol and diesel prices have been hiked by over Rs 3 per litre each since May 4. At the moment, petrol is retailing over Rs 90 per litre in almost all districts across the country, while diesel rates are inching closer to Rs 90 in all major cities. Read | Petrol, diesel prices hiked after day’s gap. Check latest rates