diesel price

The government increased petrol prices by Rs5.44 and diesel by Rs31.05 per litre for three days starting July 18, citing higher import premiums and global prices due to regional tensions. The Petroleum Minister announced daily fuel pricing adjustments effective immediately, replacing weekly revisions, with the Oil and Gas Regulatory Authority responsible for setting prices based on international market trends.

European oil refiners experienced a record weekly gain in gasoline margins as TotalEnergies increased diesel prices in France due to supply disruptions from the Middle East conflict. Rising oil prices, driven by the conflict, have led to higher fuel costs for consumers.