Petrol prices could jump nearly 10% from today – Chamber of Oil Marketing Companies

Petrol, diesel, and LPG prices in the country are set to rise, according to the Chamber of Oil Marketing Companies (COMAC). The ex-pump price projection suggests petrol could increase by 7.75% to 9.63%, diesel by 4.26% to 6.97%, and LPG by 0.85% to 3.22%. The main reason for these hikes is the surge in global crude oil and refined petroleum product prices.

However, COMAC notes that the government and industry intervention will help cushion the impact on diesel prices, limiting the overall rise. The projection is made ahead of the September pricing window, and higher prices could affect transport and business costs, as fuel directly influences the cost of moving people and goods.