Petrol, diesel and CNG prices have gone up across the country and its impact is now being clearly visible in Punjab as well. Following a fresh fuel price hike announced by oil marketing companies (OMCs) on Friday motorists in Punjab are now paying over Rs 100 per litre for regular petrol while premium petrol prices have crossed Rs 109 per litre.
President of the Jalandhar Petroleum Dealers Association (JPDA), Sukhmohan Singh said the increase in Punjab is slightly higher compared to Delhi because of state’s higher Value Added Tax (VAT) and according to revised rates shared by the association new fuel prices in Jalandhar are:
Special petrol (premium petrol): Rs 109.50 per litre
Petrol: Rs 100.54 per litre
Diesel: Rs 90.35 per litre
Earlier the prices stood at:
Special petrol: Rs 106.53 per litre
Petrol: Rs 97.57 per litre
Diesel: Rs 87.41 per litre
Sukhmohan Singh said the effective hike is around Rs 3.10 per litre across fuel categories and he clarified that although fuel prices in Punjab are comparatively high the state is not the costliest in the country “States like Maharashtra have higher rates due to taxation structures” he said while also pointing out that neighbouring Haryana has also witnessed a similar increase in fuel prices.
The fresh hike comes at a time when global crude oil prices have surged sharply due to ongoing conflict in West Asia and fears of supply disruptions linked to tensions involving United States and Iran and international crude oil prices have crossed the $100 per barrel mark putting heavy pressure on India’s state-run fuel retailers.
Oil companies had largely kept retail fuel prices stable for months despite rising crude costs leading to major financial stress and according to Union Petroleum Ministry the combined under-recovery on petrol, diesel and LPG has touched nearly Rs 30,000 crore every month. Union Petroleum Ministry Joint Secretary Sujata Sharma said OMCs are buying crude oil at significantly higher prices but are unable to fully pass on burden to consumers in order to provide relief to public.
Union Petroleum Minister Hardeep Singh Puri had recently warned that if crude oil prices remain elevated FY26 profits of state-run oil companies could be wiped out and addressing CII Annual Business Summit 2026 he said OMCs are currently losing nearly Rs 1,000 crore every day due to widening gap between international crude prices and domestic retail rates.
Majot loss projected
Industry estimates suggest that public sector fuel retailers including Indian Oil Corporation, Bharat Petroleum and Hindustan Petroleum could together post losses of nearly Rs 1.2 lakh crore in the first quarter of FY27 if the current trend continues and apart from petrol and diesel compressed natural gas (CNG) prices have also been revised. In Delhi CNG rates have increased by Rs 2 per kilogram taking new price to Rs 79.09 per kg and with transport costs expected to rise following the fuel hike experts believe the increase could eventually affect prices of daily essentials and logistics in Punjab as well especially if global crude oil prices remain unstable in coming weeks ahead.