Petrol and diesel prices have been hiked across India after nearly four years. Petrol prices rose by approximately ₹3.14 per liter, while diesel increased by ₹3.11 per liter. In Bhubaneswar, petrol reached ₹104.19 and diesel ₹95.74. CNG prices also saw a ₹2 hike. The decision follows claims of heavy losses by oil marketing companies due to rising crude oil prices. Union Petroleum Minister Hardeep Singh Puri had previously hinted at this revision to prevent potential losses exceeding ₹1 lakh crore for oil firms.
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