Shell India has announced a sharp increase in retail fuel prices, effective immediately, impacting both petrol and diesel across its outlets. Normal Petrol is now priced at Rs 119.85 per litre, while Power Petrol is available at Rs 129.85 per litre. Diesel rates have surged as well, with Normal Diesel at Rs 123 per litre and Premium Diesel reaching Rs 133 per litre.

The revision represents a steep hike, with Motor Spirit (petrol) rising by Rs 15 per litre and High-Speed Diesel (HSD) up by Rs 31.52 per litre. The move comes amid broader volatility in global crude oil markets, which has led to mounting pressure on domestic fuel retailers.

This price adjustment follows a similar increase by Nayara Energy, India’s largest private fuel retailer, which raised petrol rates by Rs 5 per litre and diesel by Rs 3 per litre last Thursday. Analysts say these hikes reflect a partial pass-through of soaring international oil prices, which have surged nearly 50% since February 28 due to escalating geopolitical tensions in the Middle East.

Also Read: April 1 Petrol And Diesel Prices Released For Delhi, Mumbai, Kolkata, Bengaluru

Domestic fuel prices had remained unchanged for weeks despite the rising global costs, putting a strain on oil marketing companies’ margins. The recent price movements by Shell and Nayara are expected to alleviate some of the financial pressure while aligning retail rates more closely with international benchmarks.

The fuel price surge has sparked concerns about inflationary pressures, especially for transport and logistics sectors, which rely heavily on diesel. Industry observers note that sustained global crude volatility could lead to further revisions in the coming weeks, affecting both consumers and businesses alike.

With the latest adjustments, Shell’s retail pricing strategy highlights the sensitivity of India’s fuel market to global supply disruptions, reflecting the interconnected nature of international oil markets and domestic energy policy.

Also Read: Excise Duty Slashed on Petrol, Diesel Amid Iran War: Prices to Fall?