Fuel prices likely to go up from October 1

Petrol and high-speed diesel (HSD) prices are expected to increase by Rs2–3 per litre from October 1, following fluctuations in international oil markets, official estimates suggest.

Based on the current tax structure, the ex-depot price of HSD may rise by about Rs2.50 per litre (around 1pc), while petrol is projected to climb by Rs1.90–2 per litre. Both fuels have already seen a cumulative rise of nearly Rs13 per litre since mid-May.

At present, the ex-depot price of petrol stands at Rs264.61 per litre. Petrol is mainly consumed by private vehicles, motorcycles, and rickshaws, making it a key factor in household expenses, particularly for middle- and lower-income groups.

The price of HSD currently stands at Rs272.77 per litre. Given its extensive use in heavy transport, trains, and agricultural machinery, HSD is considered highly inflation-sensitive due to its direct impact on freight charges and food costs.

In addition, the prices of kerosene and light diesel oil are expected to increase by about Rs4.50 and Rs1.75 per litre, respectively.