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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; India anchors global capability West Asia crisis may push India’s current account deficit to 2% of GDP: Crisil Tax Dept to resume Tiger Global reassessment, says GAAR relief won’t alter SC ruling Ceasefire talks fail to restore vessel movement in Strait of Hormuz, fate of 599 ships remain inconclusive DMRC launches mid-life refurbishment of Blue Line trains to enhance safety and passenger experience Retail inflation likely rose 3.5-4% in March India-UK free trade pact may come into force from second week of May: Official 'West Asia war a good opportunity for energy reforms, lower costs for industry' India’s marine exports surge to ₹62,408 crore in 2024-25, Govt sets ₹1 lakh crore target PM Modi to inaugurate Dehradun-Delhi Expressway on April 14
Fuel price hike: Transporters estimate a 3% increase in f...
2026-05-15 · via Economy News, Latest Economic News Today | The HinduBusinessLine
Kolkata witnessed the steepest fuel price hike among the four metros, with petrol price rising by ₹3.29 to₹108.74 per litre and diesel going up by ₹3.11 to ₹95.13 per litre.

Kolkata witnessed the steepest fuel price hike among the four metros, with petrol price rising by ₹3.29 to₹108.74 per litre and diesel going up by ₹3.11 to ₹95.13 per litre. | Photo Credit: Dinesh Hukmani

Transport operators in West Bengal on Friday said the fuel price hike would increase the overall freight cost by around 3 per cent, and urged the government to ensure that traders do not increase product prices disproportionately.

Kolkata witnessed the steepest fuel price hike among the four metros, with petrol price rising by ₹3.29 to₹108.74 per litre and diesel going up by ₹3.11 to ₹95.13 per litre.

In Delhi, petrol prices increased by ₹3 to ₹97.77 per litre and diesel to ₹90.67.

Petrol in Mumbai now costs Rs 106.68 a litre and diesel comes for ₹93.14 per litre, while in Chennai, prices increased to ₹103.67 for petrol and ₹95.25 for diesel.

Rates vary across states due to differences in value-added tax.

The All India Transporters' Welfare Association joint secretary Sunil Agarwal told PTI that the hike was “quite expected” in view of the prevailing geopolitical situation, and estimated, "The rise will have around 3 per cent impact on freight costs".

"In the overall transport cost, the impact will be fractional. However, the government should ensure that traders do not increase prices of products disproportionately in view of the fuel price hike,” he said.

Agarwal, however, said the state governments could reduce local levies to cushion the impact as the truckers were already under stress.

West Bengal Online App Cab Guild general secretary Indranil Banerjee said the overall additional cost burden on operators would be around ₹50-60 per day.

He urged the government to explore the possibility of reducing state levies to neutralise the impact of the fuel price hike.

The increase is a 10th of the desired hike needed to account for the surge in global energy rates since the start of the West Asia conflict.

State-owned oil firms had kept fuel price unchanged for 11 weeks despite a surge in input cost, but passed on part of the increase once operations became financially unsustainable, the sources said.

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Published on May 15, 2026